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    2712 Eisenhower Ave Mission, TX 78573

    For Sale
    $445,000

    Four-unit multifamily, excellent ROI potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional investment opportunity presents a four-unit apartment building located at 2712 E Eisenhower Avenue in Alton, Texas, zip code 78573. Built in 2019, this property sits on a generous 8,860.104 square foot lot and comprises two buildings. Currently, all four units are leased, generating consistent income. Unit 1 rents for $925, Unit 2 for $950, Unit 3 for $875, and Unit 4 for $875. Each unit boasts two bedrooms and two bathrooms, featuring attractive amenities such as tray ceilings in the living room and granite kitchen countertops with stainless steel appliances. The property is professionally managed, ensuring efficient operations and maximizing returns. A significant upside potential exists through future rent increases to market rates of $975 per unit upon lease renewal or tenant turnover. The asking price for this turnkey investment is $445,000. This property offers a compelling opportunity for investors seeking strong cash flow and appreciation potential in a thriving Texas market. The property is conveniently located in Hidalgo County, offering easy access to local amenities and transportation.

    Property Features for 2712 Eisenhower Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2019
    Buildings
    2
    Units
    4

    HighLights

    • $445,000 asking price for a four‑unit apartment building.
    • Multifamily property consisting of two buildings, built in 2019.
    • Located in Alton, TX, on an 8,860 sq ft lot.
    • Four units, all currently leased (rents range from $875 to $950).
    • Each unit features two bedrooms, two baths, tray ceilings, granite countertops, and stainless steel appliances.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2880483
    Latitude
    26.2773478

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit multifamily, excellent ROI potential.
    Where is this multifamily property located?
    The property is located at 2712 Eisenhower Ave Mission, TX.
    What is the asking price?
    The asking price for this property is $445,000.
    What are key features of this property?
    This property features: $445,000 asking price for a four-unit apartment building.; Multifamily property consisting of two buildings, built in 2019.; Located in Alton, TX, on an 8,860 sq ft lot.
    Request Owner's contact information
    2712 Eisenhower Ave Mission, TX 78573
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    Mission, 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
    2712 Eisenhower Ave Mission, TX 78573
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