912 Kohala Ave Mission, TX 78573
- Small apartment buildings
- 3,600 SF
Current Use by Public Records
- Small apartment buildings
Property Details for 912 Kohala Ave
- Year built
- 2023
- Property size
- 3,600 SF
- Property type
- Small apartment buildings
- APN
- S7657-02-000-0094-00
Description
This exceptional investment opportunity presents a meticulously maintained, four-unit apartment building in Mission, Texas, boasting a strong 7.72% cap rate and a pro-forma cap rate of 8.21%. Built in 2023, this Class B property comprises two single-story buildings situated on a spacious 9,152.83 square foot lot. The total square footage is 3,600 net rentable square feet, with each of the four units offering 900 square feet. The asking price is $490,000, translating to an attractive $122,500 per unit. Each unit includes modern kitchens equipped with refrigerators and stove/oven combos, along with in-unit washer/dryer sets. Private patio areas enhance tenant appeal. The property features two parking pads, providing ample parking for residents. The property is zoned for multifamily use and offers a stabilized investment opportunity with a strong NOI of $37,851 and a pro-forma NOI of $40,251. This property is ideally suited for an owner-occupant seeking a house hack opportunity or an investor seeking a high-yield, low-maintenance investment. The corporate ownership structure ensures a streamlined transaction. The Hidalgo County location and the property's modern amenities make this a highly desirable investment in a growing market. The property's address is 912 W Kohala Avenue, Alton, TX 78573. APN: S7657-02-000-0094-00.
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
- -98.3231122
- Latitude
- 26.2960199
