About 3000 E Coby Drive
Prime investment opportunity in the growing Mission area of the Rio Grande Valley! This 12-unit apartment complex sits on a spacious 1-acre corner lot at La Homa Rd and Coby Dr, featuring two well-maintained six-unit buildings. With consistently high occupancy and minimal tenant turnover, this property offers stable, reliable cash flow from day one. Located in a high-demand area experiencing rapid growth and increased developer interest, this asset is well-positioned for future appreciation. Its strong rental performance, strategic location, and upside potential make it an excellent addition to any portfolio—ideal for both new and seasoned investors seeking long-term value and income stability.
Features of 3000 E Coby Drive
| MLS® # | 502132 |
|---|---|
| Price | $975,000 |
| Square Footage | 8,391 |
| Acres | 1.01 |
| Year Built | 2003 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| 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 | Ceiling Fan(s), Dryer, Washer |
|---|---|
| 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 |
| Annual Tax | $11,871 |
| Property Insurance | $7,742 |
| Gross Income | $98,400 |
| HOA Association | No |
Listing Details
| Agent | Olga L Arriaga |
|---|---|
| Office | Dolce Vita Realty |
| Contact Info | 956-827-5025 |