12-Unit Multifamily in Palmview, TX
Hidalgo County, TX · listed Jan 20, 2025 (646 days)
- $/unit
- $81,250
- ▼ 12% vs TX · 40th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 12
- 2 bldg · 2023
Financials
- Asking price
- $975,000
- Price per unit
- $81,250
- Price per sq ft
- $109
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 12
- Unit mix
- seven 2-bedroom/1-bathroom apartments and five 1-bedroom/1-bathroom apartments
- Buildings
- 2
- Year built
- 2023
- Building size
- 8,927 sq ft
- Avg unit size
- 744 sq ft
- Lot size
- Not stated
- Condition
- New construction
Deal terms
- Owner financing
- Available
Listing
- Listed
- Jan 20, 2025
- Days on market
- 646 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 2059
About this property
Built in 2023, this modern 12-unit apartment complex offers a prime location less than a quarter-mile from Expressway I-2/Hwy 83, providing tenants with easy access to shopping, dining, and entertainment in Mission and McAllen. The property consists of two single-story buildings with six units each, featuring a total of seven 2-bedroom/1-bathroom apartments and five 1-bedroom/1-bathroom apartments. Each unit is thoughtfully designed with granite countertops, tile flooring, and a full suite of appliances, including a stove, refrigerator, microwave, and in-unit washer and dryer. Tenants will also enjoy the convenience of two covered parking spaces per unit. With its excellent location, modern amenities, and high-quality construction, this property is a standout investment opportunity. Ask about seller financing!
Multifamily | 12 Units
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Palmview, TX | $595K | $50K$50K | — |
 Palmview, TX | $399K | $80K$80K | 7.5% |
 Mission, TX▼ 5% cutHigh yield | $525K | $58K$58K | 12.1%gy |
 Palmview, TXStabilized | $495K | $62K$62K | — |
 Mission, TX▼ 4% cut | $460K | $46K$46K | — |
 Mission, TXStabilized | $535K | $107K$107K | — |