609 St. Marie AveMission, TX 78574

For Sale
$315,000
High-Yield 3-Unit Apartment Building

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional three-unit apartment building in Mission, Texas, presents a compelling investment opportunity. Built in 2004, the property sits on a sizable 7,500 square foot lot and comprises a single building housing three spacious units, each boasting 1,100 square feet of living space. Each unit features two bedrooms and one bathroom, currently leased at $750 per month, generating a substantial gross annual income of $27,000. The property benefits from recently completed roof and exterior paint, minimizing immediate maintenance needs. The well-designed units include spacious living rooms and fully equipped kitchens, ensuring high tenant satisfaction and consistent occupancy. The property's location in Mission, TX, at 609 N St. Marie Avenue, 78574, offers convenient access to local amenities and a strong rental market. This turnkey investment is ideal for both seasoned investors seeking a stable income stream and newcomers looking to enter the lucrative multifamily market. The asking price of $315,000 represents an attractive entry point for a property with proven rental performance and significant upside potential. The combination of strong rental income, recent improvements, and desirable location makes this a truly exceptional investment opportunity.

Highlights

  • Asking price: $315,000
  • Three-unit multifamily property (Triplex) built in 2004
  • Located at 609 N St. Marie Avenue, Mission, TX 78574, on a 7,500 sq ft lot
  • Each unit features 2 bedrooms, 1 bathroom, and approximately 1,100 sq ft; currently leased at $750/month, generating $27,000 in gross annual income.
  • Recently updated roof and paint.

Property Details for 609 St. Marie Ave

Property type
Apartment buildings, Small apartment buildings
Year Built
2004
Buildings
1
Units
3

Location Insight

City
Mission
County
Hidalgo
State
Texas
Latitude
26.3395537
Longitude
-98.3745717
609 St. Marie Ave, Mission, Texas

FAQs

What type of property is this?
Apartment building - High-Yield 3-Unit Apartment Building
Where is the apartment building located?
The property is located at 609 St. Marie Ave Mission, TX.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Asking price: $315,000; Three-unit multifamily property (Triplex) built in 2004; Located at 609 N St. Marie Avenue, Mission, TX 78574, on a 7,500 sq ft lot
How can I contact the broker?
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609 St. Marie Ave
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