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    905 8Th St Mission, TX 78572

    For Sale
    $545,000

    Newly constructed, 4-unit apartment complex

    Property size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional, newly constructed 4-plex apartment building presents a compelling investment opportunity. Located in the desirable Hidden Hills Estate Subdivision in Mission, Texas, this Class A property boasts four spacious apartments, each featuring two or three bedrooms and two bathrooms. Each unit includes two covered parking spaces, adding significant value and convenience for tenants. The building's modern amenities include all new stainless steel appliances, porcelain tile floors, foam insulation, and stylish decorator colors. Energy efficiency is maximized with new tankless water heaters, and individual electric and water meters for each unit simplify utility management. The property sits on a lot ranging from 10,700 to 14,900 square feet, with a total building area between 4,000 and 4,400 square feet, offering a net rentable area of 4,200 square feet. The R-3 zoning allows for flexibility and potential future development. Its prime location near US Business Hwy 83, downtown Mission, shopping, HEB, schools, and places of worship makes it highly attractive to renters. This owner-landlord property is ready for immediate occupancy and offers a strong return on investment. The property consists of two, one-story buildings, built in 2024, providing eight total parking spaces. This is a turnkey opportunity for an owner-user or investor seeking a high-quality, income-producing asset in a thriving Texas market.

    Property Features for 905 8Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,000 SF
    Class
    A

    Building Details

    Year Built
    2024
    Buildings
    2
    Stories
    1
    Units
    4

    HighLights

    • $545,000 asking price for a Class A multifamily investment property.
    • Newly constructed 4‑plex apartment building in Mission, TX.
    • Four units, each with 2‑3 bedrooms, 2 bathrooms, and 2 covered parking spaces.
    • Features include stainless steel appliances, porcelain tile floors, foam insulation, and tankless water heaters.
    • Located in the Hidden Hills Estate Subdivision, near downtown Mission, shopping, and schools.
    • 10,700 - 14,900 sq ft lot, 4,000 - 4,400 sq ft building, 4,200 sq ft net rentable area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -98.337479400769
    Latitude
    26.213153759042

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    FAQs

    What type of property is this?
    Multifamily property - Newly constructed, 4-unit apartment complex
    Where is this multifamily property located?
    The property is located at 905 8Th St Mission, TX.
    What is the asking price?
    The asking price for this property is $545,000.
    What are key features of this property?
    This property features: $545,000 asking price for a Class A multifamily investment property.; Newly constructed 4-plex apartment building in Mission, TX.; Four units, each with 2-3 bedrooms, 2 bathrooms, and 2 covered parking spaces.
    Request Owner's contact information
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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
    905 8Th St Mission, TX 78572
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