609 St. Marie Ave Mission, TX 78574
This exceptional three-unit apartment building in Mission, Texas, presents a compelling investment opportunity. Built in 2004, the property sits on a sizable 7,500 square foot lot and comprises a single building housing three spacious units, each boasting 1,100 square feet of living space. Each unit features two bedrooms and one bathroom, currently leased at $750 per month, generating a substantial gross annual income of $27,000. The property benefits from recently completed roof and exterior paint, minimizing immediate maintenance needs. The well-designed units include spacious living rooms and fully equipped kitchens, ensuring high tenant satisfaction and consistent occupancy. The property's location in Mission, TX, at 609 N St. Marie Avenue, 78574, offers convenient access to local amenities and a strong rental market. This turnkey investment is ideal for both seasoned investors seeking a stable income stream and newcomers looking to enter the lucrative multifamily market. The asking price of $315,000 represents an attractive entry point for a property with proven rental performance and significant upside potential. The combination of strong rental income, recent improvements, and desirable location makes this a truly exceptional investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.