2904 Israel Ave Mission, TX 78573
- Apartment buildings
- 4,168 SF
Current Use by Public Records
- Apartment buildings
Property Details for 2904 Israel Ave
- Year built
- 2024
- Property size
- 4,168 SF
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional investment opportunity presents a brand-new, fully leased four-unit apartment complex located at 2904 E Israel Avenue in Mission, Texas. The property boasts a desirable 7.83% capitalization rate, making it an attractive addition to any portfolio. Built in 2024, this Class B multifamily property comprises two buildings, each single-story, totaling 4,168 square feet of net rentable space on an 11,326 square foot lot. The property features four units – two two-bedroom, two-bathroom units and two three-bedroom, two-bathroom units. All units are equipped with top-of-the-line Samsung appliances, including stoves, microwaves, refrigerators with water and ice dispensers, and stacked washer/dryer sets. The units are designed with light, comfortable color schemes, LED lighting, and ceiling fans. Exterior features include low-maintenance brick and rock exteriors, mature landscaping, and low-water requirement walkways. The property is situated in a highly-rated school district and is conveniently located near various employment centers. The property's zoning is Multifamily Residential, allowing for continued use as an apartment complex. This turnkey investment offers a compelling combination of high occupancy (100%), strong cash flow, and a prime location in a growing Texas market. The property's two parking pads provide ample parking for residents. This is a rare opportunity to acquire a high-quality, fully leased multifamily property with significant upside potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mission
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.2914
- Latitude
- 26.2744
