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    1523 Oasis Ave Mission, TX 78572

    For Sale
    $398,000

    Four-unit apartment building, great income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a four-unit apartment building located at 1523 Oasis Avenue, Mission, Texas, 78572. Built in 2007, this property sits on a 4,529.804 square foot lot and offers a compelling return on investment. The building comprises four individual units, each boasting three bedrooms and two bathrooms. Each unit is generously sized, featuring large bedrooms, walk-in closets, and private deck/patio areas. All units include conveying kitchen appliances and in-unit washer/dryer hookups. Currently, three of the four units are leased, providing immediate cash flow. The vacant unit presents an opportunity for owner occupancy or to secure a new tenant at current market rates. This property enjoys a desirable location within a scenic golf course community, offering residents proximity to the Mission hike and bike trails, highly-rated schools, and convenient access to the expressway. The asking price for this multifamily property is $398,000. This is a turnkey investment ready for immediate income generation. The property's strong rental history and prime location make it an attractive prospect for both seasoned investors and those new to the market.

    Property Features for 1523 Oasis Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2007
    Buildings
    1
    Units
    4

    HighLights

    • $398,000 asking price.
    • Four‑unit multifamily apartment building.
    • Located in Mission, TX, 78572.
    • Built in 2007 on a 4,529 sq ft lot.
    • Three of four units currently leased.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Building Supply Auto Repair Shop Pharmacy Wholesale Shop Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3473969
    Latitude
    26.1960546

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, great income.
    Where is this multifamily property located?
    The property is located at 1523 Oasis Ave Mission, TX.
    What is the asking price?
    The asking price for this property is $398,000.
    What are key features of this property?
    This property features: $398,000 asking price.; Four-unit multifamily apartment building.; Located in Mission, TX, 78572.
    Request Owner's contact information
    1523 Oasis Ave Mission, TX 78572
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    Mission, TX 78572
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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
    1523 Oasis Ave Mission, TX 78572
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