3304 Palm Leaf Cir Mission, TX 78574
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 3304 Palm Leaf Cir
- Year built
- 2005
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional seven-unit apartment building, constructed in 2005, presents a compelling investment opportunity in Mission, Texas. Situated on a spacious 25,226 square foot lot at 3304 N Palm Leaf Circle, zip code 78574, this property offers a blend of immediate income and significant upside potential. The building comprises five two-bedroom, two-bathroom units and two one-bedroom, one-bathroom units, currently generating a gross operating income of $39,900 annually. Rents range from $625 to $700 per month, with potential for increased revenue through renovations and market adjustments to reach an estimated $55,800 annually. While some units require repairs and updates, the property boasts a brand-new roof, mitigating significant upfront costs. Ample parking is available for residents and guests. This property is ideally located in the Rio Grande Valley, offering a strong rental market and the potential for substantial returns on investment. The property's size and unit mix provide flexibility for various investment strategies, making it an attractive option for both seasoned investors and those seeking to enter the multifamily market. This is a turnkey opportunity to acquire a well-located multifamily property with immediate cash flow and significant value-add potential.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mission
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.3593
- Latitude
- 26.2759
