2913 Israel Ave Mission, TX 78573

Property Details for 2913 Israel Ave

Year built

2024

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

This exceptional investment opportunity presents a brand-new, four-unit apartment complex located at 2913 E Israel Avenue in Mission, Texas, 78573. Built in 2024, this Class B multifamily property boasts a total of 4,632 square feet of net rentable space, distributed across two two-story buildings situated on an 11,207.117 square foot lot. Each of the four units features three bedrooms and two bathrooms, complete with a full suite of Samsung appliances including a stove, microwave, refrigerator with water and ice dispenser, and a stacked washer/dryer. The units are designed with light, comfortable color schemes, LED lighting, and ceiling fans. The exterior is low-maintenance brick and rock, complemented by mature landscaping and a large lawn area. The property enjoys a 100% occupancy rate, generating a pro-forma NOI of $44,628 and an 8.30% cap rate. The property is zoned for multifamily residential use and is situated in a desirable location near excellent schools and various employment centers, within a six-mile radius. This turnkey investment offers a compelling combination of new construction, high occupancy, strong cash flow, and a prime location, making it an ideal addition to any portfolio. The property's attractive features, including open floor plans, luxurious master bathrooms with walk-in showers, and a peaceful cul-de-sac setting, ensure strong tenant appeal and long-term value.

Location Insight

City

Mission

County

Hidalgo

State

Texas

Longitude

-98.2914

Latitude

26.2744