601 N Saint Marie Street

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601 N Saint Marie Street

Mission, TX 78572
Asking Price
$230K
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 sale in Mission Texas
  • Asset features a total of three individual rental units
  • Located at the address 601 N Saint Marie Street
  • Current asking price for the property is 229999 dollars
  • Well suited for small scale residential rental investment portfolios

What's Special

Investors seeking an entry-level multifamily asset in Mission, Texas, will find potential in this three-unit apartment building located at 601 N Saint Marie Street. The property serves as a functional addition to a portfolio, positioned within a growing suburban market in the Rio Grande Valley. With its layout catering to multiple residential occupants, the asset is suitable for those looking to manage a small-scale rental property in a region supported by a steady workforce and regional economic development. Mission maintains a consistent demand for housing as the area continues to see demographic shifts and infrastructure investment. This apartment building offers a straightforward configuration for owners aiming to provide rental housing in a established neighborhood setting. Whether utilized for long-term residential leasing or as a value-add project, the location provides accessibility to local services and major thoroughfares throughout the metropolitan area.

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NOI
$80,000
Cap Rate
34.78%
DSCR
5.86
Strong
Cash-on-Cash
96.15%
Monthly Payment
$1,137.91
Annual Cash Flow
$66,345.085

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