221 Mile 1 ¼ Dr Mission, TX 78574

Property Details for 221 Mile 1 ¼ Dr

Year built

1992

Lot size

2.69 lot acres

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

This exceptional multifamily investment opportunity presents a 20-unit apartment complex located at 221 W Mile 1 ½ N Drive, Palmview, TX 78574, within Hidalgo County. The property, listed at $1,700,000, comprises three buildings situated on a generous 2.69-acre lot. Constructed in 1992, this well-maintained complex offers a strong rental income stream. Each of the twenty units features two bedrooms and one bathroom, providing comfortable and functional living spaces for tenants. Recent upgrades include brand-new appliances and faucets installed throughout all three buildings, enhancing the appeal and value of the property. The stylish tile flooring adds a touch of elegance to each unit, contributing to a modern and attractive living environment. This property represents a compelling investment opportunity in a thriving Texas community, offering significant potential for long-term growth and return. The property's size and location make it an attractive option for both seasoned investors and those seeking to expand their real estate portfolio. The substantial lot size also presents potential for future development or expansion, further enhancing the investment's long-term value. This is a turnkey opportunity to acquire a well-maintained, income-producing multifamily property in a desirable location.