905 1St St Mission, TX 78572
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.
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
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.