7111 N 59th Lane

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7111 N 59th Lane

Mission, TX 78573
Asking Price
$499K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily asset containing 4 total residential units
  • Offered for purchase at a price of 499000 dollars
  • Strategically situated within the Mission Texas market
  • Located at 7111 N 59th Lane zip code 78573
  • Potential income property for residential real estate investors

What's Special

This multifamily property is currently for sale, providing a clear addition for investors seeking a stable asset in the Mission, Texas area. The building consists of 4 units, making it an efficient acquisition for those focused on small-scale residential portfolios. Positioned within the growing Rio Grande Valley, this asset benefits from the regional economic activity and the steady demand for rental housing across the border corridor. Mission serves as a central hub within the McAllen metropolitan area, offering connectivity to major regional transit routes and key employment centers. Investors can leverage this property as a consistent income-generating vehicle, well-suited for long-term hold strategies. The four-unit configuration allows for straightforward management while providing reliable occupancy potential in a stable suburban market. Owners may find this building suitable for repositioning or immediate operation within their existing residential investment strategy.

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NOI
$80,000
Cap Rate
16.03%
DSCR
2.70
Strong
Cash-on-Cash
33.65%
Monthly Payment
$2,468.78
Annual Cash Flow
$50,374.643

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