2601 Garfield Avenue

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2601 Garfield Avenue

Mission, TX 78573
Asking Price
$425K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Four-unit multifamily apartment building available for purchase
  • Asset is currently listed for a price of $424,900
  • Property is positioned at 2601 Garfield Avenue in Mission
  • Located in the economically active Rio Grande Valley region
  • Suitable for investors seeking small-scale residential rental holdings

What's Special

Priced at $424,900, this multifamily apartment building located at 2601 Garfield Avenue in Mission, Texas, presents an investment asset consisting of four units. The property sits within the Rio Grande Valley, a region known for its steady population growth and proximity to the United States-Mexico border, which serves as a critical hub for international trade and logistics. The local economy benefits from a diverse mix of agricultural, manufacturing, and retail sectors that support a stable tenant base for residential properties in the area. Small-scale multifamily assets like this one provide investors with stable cash flow potential in a growing suburban market. The configuration of these four units is well-suited for long-term residential leasing, catering to individuals seeking convenient access to the regional infrastructure of Mission. This investment represents a straightforward entry point into the local housing market, offering utility for an investor looking to hold an asset within an established community in the Southern Texas region.

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NOI
$80,000
Cap Rate
18.83%
DSCR
3.17
Strong
Cash-on-Cash
42.97%
Monthly Payment
$2,102.173
Annual Cash Flow
$54,773.92

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