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Property profile & analytics
OFF-MARKET
Apartment buildings

905 1St St Mission, TX 78572

Built 1982
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Apartment buildings
Year built 1982
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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