For Sale
$365,000

1909 Mile 2 RdMission, TX 78574

Four-unit apartment complex, great rental history.

Overview

Added:
Dec 11, 2024
Days on market:
116
This Mission, Texas apartment building presents a compelling investment opportunity. Priced at $365,000, this property boasts four units situated on a 9,247.788 square foot lot. Built in 2001, the single-building complex includes two 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units, each approximately 700 square feet. The total living area is 2800 square feet. The property features a chain-link fence, covered canopy porch/carport, and includes stoves and refrigerators. Individual utility meters are in place: four electricity meters and one water meter. Safety features include smoke detectors. The property's tax legal description is T0940-03-000-01010-00, and it's zoned B1. This is Lot #101 and has a strong rental history. The seller owns three similar 4-plexes totaling twelve units, potentially suitable for a 1031 exchange transaction. This is a .21-acre lot.

Highlights

  • $365,000 asking price for a four-unit apartment building.
  • Multifamily property located in Mission, TX, consisting of one building on a 9,247.78 sq ft lot.
  • Built in 2001, the property features two 2-bedroom/1-bathroom units and two 1-bedroom/1-bathroom units.
  • Includes four electric meters and one water meter. Total living area is approximately 2,800 sq ft.
  • Features a chain-link fence, covered carport, and smoke detectors.

Property Details for 1909 Mile 2 Rd

Property type
Apartment buildings, Small apartment buildings
Year Built
2001
Buildings
1
Units
4

Location Insight

City
Mission
County
Hidalgo
State
Texas
Latitude
26.2472586
Longitude
-98.3460171
1909 Mile 2 Rd, Mission, Texas

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1909 Mile 2 Rd
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