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    2913 Israel Ave Mission, TX 78573

    For Sale
    $549,900

    Brand new 4-unit apartment complex, high ROI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional investment opportunity presents a brand-new, four-unit apartment complex located at 2913 E Israel Avenue in Mission, Texas, 78573. Built in 2024, this Class B multifamily property boasts a total of 4,632 square feet of net rentable space, distributed across two two-story buildings situated on an 11,207.117 square foot lot. Each of the four units features three bedrooms and two bathrooms, complete with a full suite of Samsung appliances including a stove, microwave, refrigerator with water and ice dispenser, and a stacked washer/dryer. The units are designed with light, comfortable color schemes, LED lighting, and ceiling fans. The exterior is low-maintenance brick and rock, complemented by mature landscaping and a large lawn area. The property enjoys a 100% occupancy rate, generating a pro-forma NOI of $44,628 and an 8.30% cap rate. The property is zoned for multifamily residential use and is situated in a desirable location near excellent schools and various employment centers, within a six-mile radius. This turnkey investment offers a compelling combination of new construction, high occupancy, strong cash flow, and a prime location, making it an ideal addition to any portfolio. The property's attractive features, including open floor plans, luxurious master bathrooms with walk-in showers, and a peaceful cul-de-sac setting, ensure strong tenant appeal and long-term value.

    Property Features for 2913 Israel Ave

    General Information

    Property type
    Multifamily properties
    Class
    B

    Building Details

    Year Built
    2024
    Buildings
    2
    Stories
    2
    Units
    4

    HighLights

    • Brand new, four‑unit apartment complex in Mission, TX.
    • 4,632 square feet of net rentable space on an 11,207 square foot lot.
    • Four 3 bed/2 bath units with Samsung appliances and open floor plans.
    • 100% occupancy, generating a $44,628 pro‑forma NOI and 8.30% cap rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2913729
    Latitude
    26.274377

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    FAQs

    What type of property is this?
    Multifamily property - Brand new 4-unit apartment complex, high ROI.
    Where is this multifamily property located?
    The property is located at 2913 Israel Ave Mission, TX.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: Brand new, four-unit apartment complex in Mission, TX.; 4,632 square feet of net rentable space on an 11,207 square foot lot.; Four 3 bed/2 bath units with Samsung appliances and open floor plans.
    Request Owner's contact information
    2913 Israel 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
    2913 Israel Ave Mission, TX 78573
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