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    8207 Silverado Dr Mission, TX 78574

    For Sale
    $575,000

    Five-unit apartment building, fully leased.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 5-unit apartment building presents a compelling investment opportunity in Mission, Texas. Constructed in 2016, this property boasts a prime location on a 1.014-acre corner lot at the intersection of La Homa Road and Silverado Circle. The building comprises a single structure housing five individual units, each featuring two bedrooms and one bathroom. All units are currently leased, providing immediate cash flow for the investor. Each unit comes equipped with a washer, dryer, stove, and refrigerator, enhancing tenant appeal and minimizing tenant turnover. The property's 2016 construction ensures modern amenities and minimal maintenance needs, contributing to a strong return on investment. The fully leased status minimizes vacancy concerns, offering a stable and predictable income stream. This turnkey investment is ideal for adding to an existing portfolio or for first-time commercial real estate investors seeking a profitable venture in a thriving Texas market. The asking price is $575,000. This property offers a rare combination of location, condition, and income potential, making it a truly attractive investment opportunity.

    Property Features for 8207 Silverado Dr

    General Information

    Property type
    Multifamily properties
    Lot Size
    44,170 SF

    Building Details

    Year Built
    2016
    Buildings
    1
    Units
    5

    HighLights

    • Five‑unit apartment building in Mission, Texas, built in 2016.
    • Located on a 1.014‑acre corner lot at La Homa Road and Silverado Circle.
    • Each of the five units features two bedrooms and one bathroom.
    • All units are currently leased, generating immediate cash flow.
    • Each unit includes a washer, dryer, stove, and refrigerator.
    • Asking price: $575,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon 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
    -98.3409113
    Latitude
    26.346435

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    FAQs

    What type of property is this?
    Multifamily property - Five-unit apartment building, fully leased.
    Where is this multifamily property located?
    The property is located at 8207 Silverado Dr Mission, TX.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Five-unit apartment building in Mission, Texas, built in 2016.; Located on a 1.014-acre corner lot at La Homa Road and Silverado Circle.; Each of the five units features two bedrooms and one bathroom.
    Request Owner's contact information
    8207 Silverado Dr Mission, TX 78574
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    Mission, TX 78574
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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
    8207 Silverado Dr Mission, TX 78574
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