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Property profile & analytics
OFF-MARKET
Apartment buildings

1913 Mile 2 Rd Mission, TX 78574

Built 2000
Property ID
Property summary
AI-generated overview

Exceptional investment opportunity: This four-unit apartment building, located at 1913 W Mile 2 Road, Mission, TX 78574, presents a compelling opportunity for investors seeking consistent rental income. Built in 2000, this property boasts a total of 2,905 square feet across four units situated on a desirable .22-acre corner lot (9,449 sq ft). The building comprises two 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units, each approximately 726.25 square feet. Currently generating a gross annual income of $25,200, this property offers a strong return on investment. The property is conveniently located off Inspiration Road and the 2 Mile line. Utilities include four electricity meters and one water meter (City of Mission water source). Appliances (stoves and refrigerators) are included. Security features include smoke detectors. The property is fenced with chain link. Tax information is available under Tax Legal Description: T0940-03-000-0100-00. The zoning code is B1. This is a turnkey investment ready for immediate income generation. Asking price: $365,000.

Property profile
Verified
Property type Apartment buildings
Year built 2000
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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