706 Thompson RdMission, TX 78573

Property Details for 706 Thompson Rd

Year built

2021

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

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.

Location Insight

City

Mission

County

Hidalgo

State

Texas

Latitude

26.2493

Longitude

-98.3274

FAQs

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