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    905 1St St Mission, TX 78572

    For Sale
    $269,000

    Four-unit apartment building, great ROI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional four-unit apartment building, located at 905 W 1st Street in Mission, Texas, presents a compelling investment opportunity. Built in 1982, the property boasts four units, each featuring two bedrooms and one bathroom, maximizing rental income potential. The strategic location in the heart of Mission offers easy access to the expressway, schools, and local shops, ensuring high occupancy rates and strong tenant demand. A significant advantage is the recently installed roof in July 2023, eliminating immediate roof replacement costs and providing peace of mind for the investor. The property is situated in Hidalgo County, Texas, with the zip code 78572. This multifamily property, classified as an apartment building and specifically a duplex/triplex/quadruplex, is offered at an asking price of $269,000. The property consists of a single building, offering efficient management and maintenance. This turnkey investment is ready for immediate income generation and presents a solid foundation for long-term growth in the thriving Mission, Texas market. The property's location and recent improvements make it an attractive option for both seasoned investors and those new to the multifamily market.

    Property Features for 905 1St St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1982
    Buildings
    1
    Units
    4

    HighLights

    • $269,000 asking price.
    • Four‑unit multifamily apartment building.
    • Located at 905 W 1st Street, Mission, TX 78572.
    • Built in 1982.
    • Features 2‑bedroom, 1‑bathroom units.
    • New roof installed July 2023.
    Property Profile 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 Building Supply Clothing 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
    -98.3377853
    Latitude
    26.2076916

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, great ROI.
    Where is this multifamily property located?
    The property is located at 905 1St St Mission, TX.
    What is the asking price?
    The asking price for this property is $269,000.
    What are key features of this property?
    This property features: $269,000 asking price.; Four-unit multifamily apartment building.; Located at 905 W 1st Street, 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
    905 1St St Mission, TX 78572
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