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    2904 Israel Ave Mission, TX 78573

    For Sale
    $539,500

    Brand new, fully leased 4-unit complex

    Property size:
    4,168 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional investment opportunity presents a brand-new, fully leased four-unit apartment complex located at 2904 E Israel Avenue in Mission, Texas. The property boasts a desirable 7.83% capitalization rate, making it an attractive addition to any portfolio. Built in 2024, this Class B multifamily property comprises two buildings, each single-story, totaling 4,168 square feet of net rentable space on an 11,326 square foot lot. The property features four units – two two-bedroom, two-bathroom units and two three-bedroom, two-bathroom units. All units are equipped with top-of-the-line Samsung appliances, including stoves, microwaves, refrigerators with water and ice dispensers, and stacked washer/dryer sets. The units are designed with light, comfortable color schemes, LED lighting, and ceiling fans. Exterior features include low-maintenance brick and rock exteriors, mature landscaping, and low-water requirement walkways. The property is situated in a highly-rated school district and is conveniently located near various employment centers. The property's zoning is Multifamily Residential, allowing for continued use as an apartment complex. This turnkey investment offers a compelling combination of high occupancy (100%), strong cash flow, and a prime location in a growing Texas market. The property's two parking pads provide ample parking for residents. This is a rare opportunity to acquire a high-quality, fully leased multifamily property with significant upside potential.

    Property Features for 2904 Israel Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,168 SF
    Class
    B

    Building Details

    Year Built
    2024
    Buildings
    2
    Stories
    1
    Units
    4

    HighLights

    • Brand new, fully leased investment property.
    • Zero‑maintenance brick and stone exterior.
    • Samsung appliances throughout.
    • Excellent proximity to highly‑rated schools.
    • Convenient location near numerous employment centers (within 6 miles).
    • Desirable mixed‑use community setting with scenic grassland views and nearby lake.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2913729
    Latitude
    26.274377

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    FAQs

    What type of property is this?
    Multifamily property - Brand new, fully leased 4-unit complex
    Where is this multifamily property located?
    The property is located at 2904 Israel Ave Mission, TX.
    What is the asking price?
    The asking price for this property is $539,500.
    What are key features of this property?
    This property features: Brand new, fully leased investment property.; Zero-maintenance brick and stone exterior.; Samsung appliances throughout.
    Request Owner's contact information
    2904 Israel 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
    2904 Israel Ave Mission, TX 78573
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