1909 Mile 2 Rd Mission, TX 78574
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 1909 Mile 2 Rd
- Year built
- 2001
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This Mission, Texas apartment building presents a compelling investment opportunity. Priced at $365,000, this property boasts four units situated on a 9,247.788 square foot lot. Built in 2001, the single-building complex includes two 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units, each approximately 700 square feet. The total living area is 2800 square feet. The property features a chain-link fence, covered canopy porch/carport, and includes stoves and refrigerators. Individual utility meters are in place: four electricity meters and one water meter. Safety features include smoke detectors. The property's tax legal description is T0940-03-000-01010-00, and it's zoned B1. This is Lot #101 and has a strong rental history. The seller owns three similar 4-plexes totaling twelve units, potentially suitable for a 1031 exchange transaction. This is a .21-acre lot.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mission
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.346
- Latitude
- 26.2473
