1 / 23Stabilized
$4,500,000
36-Unit Multifamily in Mission, TX
Hidalgo County, TX · listed Dec 17, 2023 (1,046 days)
Price per unit compared
This property$125K
Within ~40 mi (157)$87K
Texas median (1,029)$100K
- $/unit
- $125,000
- ▲ 25% vs TX · 63rd pct
- Cap rate
- 6.8%
- ▼ 0.5 pts vs TX median
- NOI
- $491K
- $13,632/unit/yr
- Units
- 36
- 7 bldg · 2014
Financials
- Asking price
- $4,500,000
- Price per unit
- $125,000
- Price per sq ft
- $126
- Gross rent / year
- Not stated
- Net operating income
- $490,740
- NOI per unit
- $13,632
- Cap rate
- 6.8%
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 36
- Unit mix
- Not stated
- Buildings
- 7
- Year built
- 2014
- Building size
- 35,750 sq ft
- Avg unit size
- 993 sq ft
- Lot size
- 2.15 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Dec 17, 2023
- Days on market
- 1,046 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1719
About this property
Beautiful modern gated apartment complex. Located less than 5 minutes from the expressway, Walmart, HEB, Target, Mission event center and many other amenities. Zoned for Sharyland ISD, the property features a community pool with a lounge and grill area, a fitness center, and a kid's playground, this is the kind of place with just about everything you look for. 100% occupied!!
Multifamily | 36 Units | $128,571/unit
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
| Mission, TX Stabilized | $650K | $81K$81K | — |
 Mcallen, TX▼ 8% cut | $1.79M | $50K$50K | — |
 Mission, TXValue-add | $450K | $90K$90K | — |
 Palmview, TXStabilized | $1.6M | $80K$80K | — |
 Mcallen, TX▼ 3% cut | $675K | $84K$84K | — |
 Mcallen, TXStabilized | $765K | $96K$96K | — |