3000 E Coby Drive

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3000 E Coby Drive

Mission, TX 78574
Asking Price
$975K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building available for purchase at 3000 E Coby Drive
  • Total asset inventory consists of 12 individual rental units
  • The asking price for this residential property is 975000 dollars
  • Mission is a growing market within the Rio Grande Valley region
  • Suitable asset for investors targeting workforce residential housing opportunities

What's Special

This multifamily apartment building for sale in Mission, Texas, represents a practical acquisition for investors seeking residential rental assets. Spanning 12 units, the property is positioned within a region known for its steady growth and proximity to the United States-Mexico border. Mission benefits from a diverse economic base and consistent demand for workforce housing, making this an functional addition to a rental portfolio. Prospective buyers may consider the asset for long-term hold strategies or value-add repositioning efforts aimed at the local tenant base. The scale of the property allows for efficient management while maintaining a presence in a key market within the Rio Grande Valley. Investors focusing on stabilized income streams will find the layout and unit count suitable for residential leasing operations. Its location offers accessibility to regional transportation corridors and local services, supporting its long-term viability as a rental investment in this active submarket.

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NOI
$80,000
Cap Rate
8.21%
DSCR
1.38
Strong
Cash-on-Cash
7.56%
Monthly Payment
$4,823.768
Annual Cash Flow
$22,114.784

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