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Property profile

825 Michigan St Alton, TX 78573

OFF-MARKET
Apartment buildings
Property ID
US82-5220222
Built 2009
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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 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

Location

825 Michigan St Alton, TX 78573
Alton metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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