609 St. Marie AveMission, TX 78574

  • Residential income properties
For Sale
$315,000 View listing

Property Details for 609 St. Marie Ave

Year built
2004
Property type
Residential income properties
Property subtype
Multifamily properties

Description

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.

609 St. Marie Ave, Mission, Texas

Location Insight

City
Mission
County
Hidalgo
State
Texas
Latitude
26.3396
Longitude
-98.3746

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