MULTIFAMILYRADAR
7-Unit Multifamily in Mission, TX, photo 11 / 2
Value-add
$340,000

7-Unit Multifamily in Mission, TX

Hidalgo County, TX · listed Aug 17, 2024 (802 days)

Price per unit compared
This property$49K
Within ~40 mi (196)$81K
Texas median (1,196)$92K
$/unit
$48,571
▼ 47% vs TX · 12th pct
Cap rate
—
 
Gross yield
11.7%
 
Units
7
1 bldg · 2005

Financials

Asking price
$340,000
Price per unit
$48,571
Price per sq ft
$73
Gross rent / year
$39,900
Net operating income
Not stated
NOI per unit
Not stated
Cap rate
Not stated
Gross yield
11.7%gross rent ÷ price
Occupancy
Not stated

As stated by the seller. Verify during due diligence.

Building

Units
7
Unit mix
5 units that are 2-bedroom, 2-bath and 2 units are 1-bedroom and 1-bath
Buildings
1
Year built
2005
Building size
4,652 sq ft
Avg unit size
665 sq ft
Lot size
Not stated
Condition
Value-add

Deal terms

Owner financing
Not stated

Listing

Listed
Aug 17, 2024
Days on market
802 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1752

About this property

Excellent value-add multifamily opportunity in Mission, TX! This 7-unit property offers immediate income potential with room to increase returns through strategic improvements. The asset features a functional layout, ample on-site parking, and a spacious lot with flexibility for future enhancements. Investors will appreciate the opportunity to boost revenue through interior updates, improved tenant amenities, and operational efficiencies. The property lends itself well to adding features such as a shared laundry facility, covered parking or carports, and enhanced outdoor common areas like shaded seating or grilling spaces to support rent growth and retention. The lot also offers potential to expand or reconfigure parking, increasing overall usability and appeal. Conveniently located near schools, retail, and major roadways, this property is well-positioned for strong cash flow and long-term appreciation.

Location

Approximate area. The exact address is shared on request.

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