905 1St St Mission, TX 78572
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 905 1St St
- Year built
- 1982
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional four-unit apartment building, located at 905 W 1st Street in Mission, Texas, presents a compelling investment opportunity. Built in 1982, the property boasts four units, each featuring two bedrooms and one bathroom, maximizing rental income potential. The strategic location in the heart of Mission offers easy access to the expressway, schools, and local shops, ensuring high occupancy rates and strong tenant demand. A significant advantage is the recently installed roof in July 2023, eliminating immediate roof replacement costs and providing peace of mind for the investor. The property is situated in Hidalgo County, Texas, with the zip code 78572. This multifamily property, classified as an apartment building and specifically a duplex/triplex/quadruplex, is offered at an asking price of $269,000. The property consists of a single building, offering efficient management and maintenance. This turnkey investment is ready for immediate income generation and presents a solid foundation for long-term growth in the thriving Mission, Texas market. The property's location and recent improvements make it an attractive option for both seasoned investors and those new to the multifamily market.
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
- -98.3378
- Latitude
- 26.2077
