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Property profile & analytics
OFF-MARKET
Small apartment buildings

825 Michigan St Alton, TX 78573

Built 2009
Property ID
US82-5220222
Property summary
AI-generated overview

This exceptional investment opportunity presents an 11-building multifamily complex located at 825 S Michigan Street, Mission, Texas, 78573. The property boasts a total of 44 units, each featuring two bedrooms and one and a half bathrooms. Built in 2009, this well-maintained complex sits on a 9,199.87 square foot lot. Each unit includes two assigned covered parking spaces, a significant advantage in this market, and a sizable private backyard, enhancing tenant appeal and satisfaction. The asking price for this turnkey investment is $4,675,000. The property's strong rental history and desirable features make it an attractive proposition for investors seeking a stable and high-yielding asset. The location in Mission, Hidalgo County, Texas, offers convenient access to local amenities and transportation networks. This is a rare opportunity to acquire a substantial multifamily portfolio in a thriving Texas market. The individual buildings are well-maintained and offer a consistent stream of rental income. The property's design and features cater to a broad tenant base, ensuring strong occupancy rates. This is an ideal investment for those seeking immediate cash flow and long-term appreciation potential. The property's size and layout provide excellent management efficiency. Detailed financial information is available upon request.

Property profile
Verified
Property type Small apartment buildings
Year built 2009
UPID US82-5220222
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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