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911 N Los Ebanos RD Mission, TX 78572
13,516 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 13,516 sqft
Subdivision Mission Acres
MLS Listing ID 494445
Sold Date -
HOA Y/N No
Year Built 2002
Annual Tax Amount $22,180
Tax Year 2023
Lot Size 0.858 Acres
Acres 0.8575
Property Sub-Type Multi Family
Source Greater McAllen
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
Location
State TX
County Hidalgo
Community Sidewalks, Street Lights
Rooms
Other Rooms Outbuilding (None)
Interior
Interior Features None
Heating Central, Electric
Cooling Central Air, Electric
Flooring Tile
Appliance Electric Water Heater, No Conveying Appliances
Laundry Laundry Area
Exterior
Exterior Feature None
Fence Chain Link
Community Features Sidewalks, Street Lights
View Y/N No
Roof Type Shingle
Garage No
Building
Lot Description Sidewalks
Faces take Expressway 83 to Mission. Get off on Business 83 exit. take a right on Business 83 and then a left on Los Ebanos Rd.
Story 1
Foundation Slab
Sewer City Sewer
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Marcell
Middle Schools White Junior High
High Schools Mission H.S.
Others
Tax ID M490000000002000
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