603 N Saint Marie Street

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603 N Saint Marie Street

Mission, TX 78572
Asking Price
$225K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building located in the city of Mission
  • Asset includes three distinct residential units for rent
  • Priced at 224999 dollars for the entire property
  • Situated within the growing Rio Grande Valley region
  • Configuration allows for efficient management of rental inventory

What's Special

Mission serves as a key component of the broader Rio Grande Valley, benefiting from consistent population growth and a robust economy tied to international trade and agricultural logistics. Situated at 603 N Saint Marie Street, this multifamily apartment building provides a strategic asset for investors looking to expand their residential holdings in the Texas border region. The property consists of three individual units, offering a manageable scale for localized management and operations. Given the regional demand for quality rental housing, this apartment building is well-positioned to serve as a steady source of residential occupancy for local professionals and residents seeking convenient access to major transit corridors and urban services. The asset structure allows for straightforward repositioning or long-term hold strategies within a stable suburban market. Its current configuration is suitable for a straightforward rental investment model, leveraging the consistent need for diverse housing options throughout the city.

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NOI
$80,000
Cap Rate
35.56%
DSCR
5.99
Strong
Cash-on-Cash
98.73%
Monthly Payment
$1,113.172
Annual Cash Flow
$66,641.933

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