9 Apartment Units on 5 Acres
$750,000
5020 N La Homa Rd, Mission, TX 78574
6,941 sqft
Building Size
5 acres
Lot Area
Details:
Highlights:
- Two apartment buildings containing a total of 9 x 2 bed/1 bath
- 8/9 units occupied for $625/m as of 6.26.24
- Approximately 4.5 acres of additional land for potential future development
- Flexible county zoning for versatile use
Description:
5020 N La Homa Rd is a unique investment opportunity. It is improved with two small apartment buildings that together contain a total of 9 x 2 bed/1 bath units which currently rent for $625/m each. The total living area between the two buildings is approximately 6,941 sf, and the two buildings sit on about half an acre. Also county-zoned, the remaining 4.5 acres are unimproved and provide for a wide number of potential uses.
From westbound I-2, take exit 133 towards Bentsen Palm Dr/La Homa Rd. Head North on N La Homa Rd for about 15 miles, location will be on right-hand side.
Water bill is Sharyland Water is approx $100. monthly
Sewer system is connected to City of Mission. $9 monthly
Sanitation Republic Services is $239.50 monthly. (Pick up once weekly.)
Apts: 245079 - New Caledonia UT NO. 3 S0.50AC For Apts-W5AC Lot 35
Land: 583071 - New Caledonia UT NO. 3 W5.0AC Lot 35 Exc S0.50AC For Apts 4.50AC
Documents:
| Title | ||
|---|---|---|
| 9__Plex_and_Development_Opportunity.pdf | ||
| 9__Plex_and_Development_Opportunity.pdf |
Location
Gallery
