911 N Los Ebanos Road, Mission, TX 78572
- $1,225,000
- 13,516
- SqFt
- List Price
- $1,225,000
- Price Change
- ▼ $24,000 1773363078
- Status
- PENDING
- MLS#
- 494445
- Living Area
- 13,516
- Lot Size (Acres)
- 0.8575
- Year Built
- 2002
Property Description
Exceptional investment opportunity featuring a well-maintained 21-unit apartment complex with 20 units occupied, providing immediate and stable cash flow from day one. The property is designed for efficiency and low management, with each unit separately metered for both electricity and water, allowing tenants to pay their own utilities and significantly reducing owner expenses. Many of the tenants are long-term residents, contributing to a stable and reliable rental history with minimal turnover. Key capital improvements have already been taken care of, including a roof replacement completed in 2020, adding long-term value and reducing future maintenance concerns. Tenants are responsible for supplying their own kitchen appliances, further lowering owner costs and ongoing maintenance obligations. This is an attractive, low-maintenance asset with strong net operating income potential, ideal for investors seeking a stabilized multifamily property with strong occupancy and immediate income
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Additional Information
- Area
- Mission
- Subdivision
- Mission Acres
- Taxes
- $22,180
- Stories
- 1
- Interior Features
- None
- Amenities
- Sidewalks, Street Lights
- Exterior Features
- None
- Heating
- Central, Electric
- Cooling
- Central Air, Electric
- Sewer
- City Sewer
- School District
- Mission ISD
- Elementary School
- Marcell
- Middle School
- White Junior High
- High School
- Mission H.S.
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Listing courtesy of Marilyn Cortez with Bordertown Realty, Llc