Value-add
$450,000
5-Unit Multifamily in Mission, TX
TX · listed Nov 27, 2024 (700 days)
Price per unit compared
This property$90K
Within ~40 mi (197)$81K
Texas median (1,196)$92K
- $/unit
- $90,000
- ▼ 2% vs TX · 48th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 5
- 2 bldg · 1973
Financials
- Asking price
- $450,000
- Price per unit
- $90,000
- Price per sq ft
- $157
- 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
- 5
- Unit mix
- four 1-bedroom/1-bath units and one 2-bedroom/2-bath unit
- Buildings
- 2
- Year built
- 1973
- Building size
- 2,864 sq ft
- Avg unit size
- 573 sq ft
- Lot size
- 0.17 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Nov 27, 2024
- Days on market
- 700 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1393
About this property
Five-unit multifamily investment property consisting of four 1-bedroom/1-bath units and one 2-bedroom/2-bath unit. Three 1/1 units are currently rented at $700/month, one 1/1 unit at $800/month, and the 2/2 unit at $900/month, for total current gross rents of $3,800/month. Property has been remodeled inside and out.
Multifamily | 5 Units
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Mission, TXStabilized | $330K | $66K$66K | — |
 Mission, TXOwner financingValue-add | $100K | $20K$20K | — |
| Mission, TX Stabilized | $650K | $81K$81K | — |
| Mission, TX NewValue-add | $145K | $29K$29K | — |
| Mission, TX | $450K | $90K$90K | — |
| Mission, TX NewValue-add | $145K | $29K$29K | — |