About 3000 E Coby Drive
This 12-unit apartment complex is located at the corner of La Homa Road and Coby Drive in Mission, Texas, a growing region in the Rio Grande Valley. The property consists of two six-unit buildings on a one acre corner lot. This property presents a stable income-producing opportunity with a consistently high occupancy and minimal tenant turn over. The surrounding area has experienced increased demand and has attracted the attention of developers meaning this property is poised to experience a significant increase in value over the coming years. With an excellent location, high occupancy rates, and a growing area, this property is a strong choice for the new or seasoned investor.
Features of 3000 E Coby Drive
| MLS® # | 473658 |
|---|---|
| Price | $1,050,000 |
| Square Footage | 8,391 |
| Acres | 1.01 |
| Year Built | 2003 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 3000 E Coby Drive |
|---|---|
| Subdivision | Kenwood Estates |
| City | Mission |
| County | Hidalgo |
| State | TX |
| Zip Code | 78574 |
Amenities
| Parking | Other Garage or Carport |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Laundry Features | Laundry Area |
| Community Amenities | Gated |
Interior
| Interior Features | None |
|---|---|
| Appliances | Electric Water Heater, Water Heater (Other Location), Electric Cooktop, Refrigerator |
| Heating | Central, Electric, Heat Pump |
| Cooling | Central Air, Electric, Heat Pump |
| Total # of Units | 12 |
| # of Buildings | 2 |
Exterior
| Exterior Features | Mature Trees |
|---|---|
| Lot Description | Corner Lot, Mature Trees |
| Roof | Composition Shingle |
| Construction | Block, Stucco |
| Foundation | Slab |
School Information
| District | Mission ISD |
|---|---|
| Elementary | Diaz-Villarreal |
| Middle | Trevino |
| High | Juarez-Lincoln H.S. |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| Property Insurance | $6,000 |
| Gross Income | $98,400 |
| HOA Association | No |
Listing Details
| Agent | Jacob Galvan |
|---|---|
| Office | URSA Real Estate |
| Contact Info | 956-363-1179 |