825 Michigan St Alton, TX 78573

Property Details for 825 Michigan St

Year built

2009

Property type

Small apartment buildings

Description

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.