Modern Gated Apartment
2210 E 1st Street Mission, TX 78572
2210 E 1st Street, Mission, TX, 78572
Contact for pricing
For Sale
Contact for pricing
Gated apartment complex with pool, fitness center, playground. 100% occupied.
Property Size35,750 SF
Price / SF$125.87
Days on Market943
Property Features for 2210 E 1st Street
General Information
- Standard status
- Active
- Size
- 35,750 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2014
Listing Agency
Realty Executives Rio Grande Valley
(956) 433-9557
Listed by
Mere Flores · License #0699895
Source
Crexi
Added: Dec 17, 2023 Checked: Jul 17 at 12:19 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Executives Rio Grande Valley
Investment Insights
Based on property information with market context.
This modern, gated apartment complex is located less than 5 minutes from the expressway, Walmart, HEB, Target, and the Mission event center. The property is zoned for Sharyland ISD. Community amenities include a pool with a lounge and grill area, a fitness center, and a kid's playground. The property is 100% occupied and has a size of 35750 square feet.
Key Highlights
- Prime Location: Less than 5 minutes from the expressway, Walmart, HEB, Target, and the Mission event center.
- Gated Community: Provides enhanced security and privacy.
- Community Amenities: Includes a pool with lounge and grill area, fitness center, and kid's playground.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $592.0k | $16.56 |
| − Vacancy | −$68.7k | −$1.92 |
| EGI | $523.3k | $14.64 |
| − OpEx | −$235.5k | −$6.59 |
| NOI | $287.8k | $8.05 |
35,750 SF · lease $16.56/SF/yr · vacancy 11.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.11M
$3.60M – $4.80M
NOI $287,840 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$26.93M
$23.56M – $31.42M
NOI $1,884,919 @ 7.0% cap · market cap 41.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
ANGO Holdings
Construction Company
Aqua Luxury Living ...
Townhouse Complex
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Gated apartment complex with pool, fitness center, playground. 100% occupied.
Where is this apartment building located?
The property is located at 2210 E 1st Street Mission, TX.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Prime Location: Less than 5 minutes from the expressway, Walmart, HEB, Target, and the Mission event center.; Gated Community: Provides enhanced security and privacy.; Community Amenities: Includes a pool with lounge and grill area, fitness center, and kid's playground.
