For Sale
$435,000

706 Thompson Rd Mission, TX 78573

Four-unit apartment complex, excellent rental history.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a four-unit apartment complex ideally situated in Mission, Texas. Built in 2021, this property boasts two buildings situated on a spacious 9,334.91 square foot lot. Each of the four units offers two bedrooms and two bathrooms, complete with modern amenities including a stove, refrigerator, microwave, and a washer/dryer center. All units feature attractive tile flooring throughout, granite countertops in the kitchen and main bathroom, and individual Trane AC units. Ample closet space is provided with double hanging rods in each bedroom. Further enhancing security and convenience, each unit is equipped with a security system. The property is meticulously maintained, featuring a sprinkler system for the lawn. Currently, each unit commands a monthly rent of $950, resulting in a strong rental income stream and excellent rental history. The property's location is advantageous, with proximity to shopping centers in both Palmhurst and Mission. Furthermore, it benefits from its close proximity to highly-rated elementary schools, including an Idea school and Mission CISD's Escobar Rios elementary, both within a mile radius. New subdivisions are being developed in the surrounding area, indicating continued growth and potential for future appreciation. Recent upgrades include new shingles. A seller concession is available. This property represents a compelling investment opportunity in a thriving Texas market.

Highlights

  • Four-unit apartment complex in Mission, TX, built in 2021.
  • 9,334.91 sq ft lot with two buildings.
  • Each unit features two bedrooms, two bathrooms, and modern appliances (stove, refrigerator, microwave, washer/dryer).
  • Tile flooring, granite countertops, individual Trane AC units, and ample closet space in each unit.
  • Security systems in each unit and a sprinkler system.
  • $950 monthly rent per unit with excellent rental history.

Property Details for 706 Thompson Rd

Property type
Apartment buildings, Small apartment buildings
Year Built
2021
Buildings
2
Units
4

Location Insight

City
Mission
County
Hidalgo
State
Texas
Latitude
26.2493202
Longitude
-98.3274107

FAQs

What type of property is this?
Apartment building - Four-unit apartment complex, excellent rental history.
Where is the apartment building located?
The property is located at 706 Thompson Rd Mission, TX.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Four-unit apartment complex in Mission, TX, built in 2021.; 9,334.91 sq ft lot with two buildings.; Each unit features two bedrooms, two bathrooms, and modern appliances (stove, refrigerator, microwave, washer/dryer).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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706 Thompson Rd
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