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    912 Kohala Ave Mission, TX 78573

    Sponsored
    For Sale
    $490,000

    Four-unit apartment building, high ROI.

    Property size:
    3,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional investment opportunity presents a meticulously maintained, four-unit apartment building in Mission, Texas, boasting a strong 7.72% cap rate and a pro-forma cap rate of 8.21%. Built in 2023, this Class B property comprises two single-story buildings situated on a spacious 9,152.83 square foot lot. The total square footage is 3,600 net rentable square feet, with each of the four units offering 900 square feet. The asking price is $490,000, translating to an attractive $122,500 per unit. Each unit includes modern kitchens equipped with refrigerators and stove/oven combos, along with in-unit washer/dryer sets. Private patio areas enhance tenant appeal. The property features two parking pads, providing ample parking for residents. The property is zoned for multifamily use and offers a stabilized investment opportunity with a strong NOI of $37,851 and a pro-forma NOI of $40,251. This property is ideally suited for an owner-occupant seeking a house hack opportunity or an investor seeking a high-yield, low-maintenance investment. The corporate ownership structure ensures a streamlined transaction. The Hidalgo County location and the property's modern amenities make this a highly desirable investment in a growing market. The property's address is 912 W Kohala Avenue, Alton, TX 78573. APN: S7657-02-000-0094-00.

    Property Features for 912 Kohala Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,600 SF
    Class
    B

    Building Details

    Year Built
    2023
    Buildings
    2
    Stories
    1
    Units
    4

    HighLights

    • $490,000 asking price for a stabilized, Class B multifamily investment property.
    • Four‑unit apartment building with two pads, totaling 3,600 square feet on a 9,152 square foot lot.
    • Located at 912 W Kohala Avenue, Alton, TX 78573.
    • 7.72% cap rate, 8.21% pro‑forma cap rate, with a $37,851 NOI and $40,251 pro‑forma NOI.
    • $136.11 price per square foot and $122,500 price per unit.
    • Built in 2023, with two one‑story buildings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3231122
    Latitude
    26.2960199

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, high ROI.
    Where is this multifamily property located?
    The property is located at 912 Kohala Ave Mission, TX.
    What is the asking price?
    The asking price for this property is $490,000.
    What are key features of this property?
    This property features: $490,000 asking price for a stabilized, Class B multifamily investment property.; Four-unit apartment building with two pads, totaling 3,600 square feet on a 9,152 square foot lot.; Located at 912 W Kohala Avenue, Alton, TX 78573.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    912 Kohala Ave Mission, TX 78573
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