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    1301 Morwil St Mission, TX 78572

    For Sale
    $3,600,000

    32-Unit Multifamily Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 32-unit apartment complex, located at 1300 and 1301 Morwil Street in Mission, Texas, presents a compelling investment opportunity. Built in 2012, this modern property boasts two buildings situated on a substantial 34,300.88 square foot lot. The complex's prime location offers convenient access to the expressway and Bryan Road, ensuring easy commutes for residents. Its proximity to the Mission Police Department enhances security and peace of mind. Nearby educational institutions include Castro Elementary School, Mission J High School, and Veterans Memorial High School, making it an attractive location for families. Residents also enjoy easy access to several parks, including Mission Parks & Recreation, McKinney Park, and Astroland Park. The property's strong tenant base is a testament to its desirability, with many residents having occupied their units for over seven years. The asking price for this remarkable asset is $3,600,000. The seller is open to owner financing with a $1,000,000 down payment, making this an even more attractive proposition for qualified buyers. This is a rare chance to acquire a well-established, high-performing multifamily property in a thriving Texas market. The property's excellent location, strong tenant history, and potential for owner financing combine to create a truly unique investment opportunity. Don't miss out on this chance to add a valuable asset to your portfolio.

    Property Features for 1301 Morwil St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2012
    Buildings
    2
    Units
    32
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mor-Wil Apartments Apartment Complex

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3119665
    Latitude
    26.2101734

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    FAQs

    What type of property is this?
    Multifamily property - 32-Unit Multifamily Investment Opportunity
    Where is this multifamily property located?
    The property is located at 1301 Morwil St Mission, TX.
    What is the asking price?
    The asking price for this property is $3,600,000.
    Request Owner's contact information
    1301 Morwil St 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
    1301 Morwil St Mission, TX 78572
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