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    3008 Diamond Head Ave Mission, TX 78573

    For Sale
    $379,000

    Four-unit apartment building, excellent ROI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a four-unit apartment building located at 3008 E Diamondhead Avenue, Alton, Texas, 78573, in Hidalgo County. The property, built in 2012, sits on a spacious 9,560.98 square foot lot and comprises two buildings. The asking price is $379,000. Each of the four units is equipped with essential appliances, including a refrigerator and stove. Recent upgrades significantly enhance the property's value and appeal. Specifically, a brand-new roof was installed in January 2024. Furthermore, individual unit improvements include a brand-new AC unit inside unit #1 (2023), a brand-new AC unit and water heater in unit #2 (2023), and a brand-new water heater in unit #3 (2023). Unit #4 received a brand-new exterior AC motor in 2023. This multifamily property offers a compelling investment prospect with strong potential for rental income and appreciation, thanks to its recent renovations and desirable location in Mission, Texas. The property's size and the recent upgrades make it an attractive option for investors seeking a turnkey multifamily investment in a growing market. This is a rare opportunity to acquire a well-maintained, updated property with immediate income potential.

    Property Features for 3008 Diamond Head Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2012
    Buildings
    2
    Units
    4

    HighLights

    • Four‑unit apartment building in Alton, TX (Hidalgo County).
    • Built in 2012, situated on a 9,560.98 sq ft lot.
    • Asking price: $379,000.
    • All units include refrigerator and stove; recent upgrades include a new roof (Jan 2024) and various HVAC and water heater replacements in 2023.
    • Turnkey multifamily investment with strong rental income potential in a growing market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store 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
    -98.284038
    Latitude
    26.2896887

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, excellent ROI.
    Where is this multifamily property located?
    The property is located at 3008 Diamond Head Ave Mission, TX.
    What is the asking price?
    The asking price for this property is $379,000.
    What are key features of this property?
    This property features: Four-unit apartment building in Alton, TX (Hidalgo County).; Built in 2012, situated on a 9,560.98 sq ft lot.; Asking price: $379,000.
    Request Owner's contact information
    3008 Diamond Head 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
    3008 Diamond Head Ave Mission, TX 78573
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