Fully Occupied Duplex on
For Sale
Contact for pricing
220 N Waxahachie Street, Mission, TX 78573
Duplex with two units, oversized backyard, great investment opportunity.
Property Size2,016 SF
Price / SF$89.29
Days on Market838
Property Features for 220 N Waxahachie Street
General Information
Standard status
Active
Size
2,016 SF
Total Parking Spaces
6
Property subtype
Multifamily
Building Details
Year Built
1997
Buildings
1
Units
2
Listing Agency:
LV Real Estate Group, LLC
Listed By:
Karina Jones
Source:
Crexi
Added: Jun 28, 2024
Changed: Oct 3
Last Checked: Oct 12 at 7:29PM
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 LV Real Estate Group, LLC
Investment Insights
Based on property information with market context.
This is a fully occupied duplex featuring two units, each with two bedrooms and one bathroom. The property is situated on a corner lot and includes an oversized backyard. This property presents an opportunity for investors or those seeking additional income.
Key Highlights
- Fully occupied duplex providing immediate rental income.
- Great opportunity for investors or those seeking extra income.
- Each unit features 2 bedrooms and 1 bathroom.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,232
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,640
$324.6K
Cap Rate 7%
$231,886
$231.9K
Cap Rate 9%
$180,356
$180.4K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$33.4K $16.56/SF
− Vacancy
−$3.9K −$1.92/SF
EGI
$29.5K $14.64/SF
− OpEx
−$13.3K −$6.59/SF
NOI
$16.2K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,640
Cap Rate 7%
$231,886
Cap Rate 9%
$180,356
Alternative Uses
Best Use
Multifamily LT 5
$251.9K
$220.4K – $293.8K
NOI $17,630 @ 7.0% cap · market cap 9.79%
Second Best
Apartment 5plus
$231.9K
$202.9K – $270.5K
NOI $16,232 @ 7.0% cap · market cap 9.02%
Theoretical Best
Hotel Hospitality
$1.52M
$1.33M – $1.77M
NOI $106,294 @ 7.0% cap · market cap 59.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Explore this area
Business Placement
Demographics for 78573, TX
42,229
Population
13,339
Households
3.2
Avg Household Size
29
Median Age
15%
College-Educated
63%
High-School Grad
36.7 sq mi
ZIP Area
1,151
Density / Sq Mi
$51,185
Median Household Income
$27,730
Median Earnings
$909
Median Rent
$154,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two units, oversized backyard, great investment opportunity.
Where is this duplex located?
The property is located at 220 N Waxahachie Street Mission, TX.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Fully occupied duplex providing immediate rental income.; Great opportunity for investors or those seeking extra income.; Each unit features 2 bedrooms and 1 bathroom.
