Del Sol Apts | 2305 W Mile 3 Rd
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Del Sol Apts 2305 W Mile 3 Rd
78 Unit Apartment Building $12,048,495 CAD ($154,468 CAD/Unit) 6.43% Cap Rate Mission, TX 78574
Investment Highlights
- Stable and attractive Investment: near-full occupancy, Del Sol Apts provides a consistent income stream and impressive rent history
- Immediate Cash Flow and an exceptionally well-managed property, ensuring smooth operations and consistent performance.
- Prime Location in a Growing Area
Executive Summary
Del Sol Apartments, located at 2305 West 3 Mile Road, Mission, Texas, offers a prime investment opportunity in a rapidly growing area. The property consists of 9 buildings with a total of 78 units, each featuring 2 bedrooms, 2 full baths, and 980 square feet of living space. The complex sits on 3.47 acres and encompasses 76,440 square feet. With strong performance and near-full occupancy, this property provides a reliable and stable income stream.
Each unit is equipped with modern amenities, including granite countertops, washer and dryer in-unit, central AC and heating, ceiling fans, blinds, water heater, and kitchen appliances such as a refrigerator, stove with oven, and microwave oven. Rent includes Wi-Fi, cable, water, and trash. The complex is pet-friendly and features security cameras for added tenant safety.
Units are leased at an average of $940 per month, with deposits ranging from $750 to $940 based on credit score, and a $50 application fee. This property is strategically located near IDEA Public Schools, Schuerbach Rd, and Mile 3, with a commercial plaza nearby, further supporting the area's growth potential.
The property has been well-managed, and we have detailed operating statements available for all years, providing full transparency to serious buyers. With a proven rental history and solid occupancy rates, Del Sol Apartments is a well-positioned, income-generating investment in a rapidly expanding market. Contact us today to access all available documentation and to schedule a tour of this exceptional investment opportunity.
Each unit is equipped with modern amenities, including granite countertops, washer and dryer in-unit, central AC and heating, ceiling fans, blinds, water heater, and kitchen appliances such as a refrigerator, stove with oven, and microwave oven. Rent includes Wi-Fi, cable, water, and trash. The complex is pet-friendly and features security cameras for added tenant safety.
Units are leased at an average of $940 per month, with deposits ranging from $750 to $940 based on credit score, and a $50 application fee. This property is strategically located near IDEA Public Schools, Schuerbach Rd, and Mile 3, with a commercial plaza nearby, further supporting the area's growth potential.
The property has been well-managed, and we have detailed operating statements available for all years, providing full transparency to serious buyers. With a proven rental history and solid occupancy rates, Del Sol Apartments is a well-positioned, income-generating investment in a rapidly expanding market. Contact us today to access all available documentation and to schedule a tour of this exceptional investment opportunity.
Property Facts
| Price | $12,048,495 CAD | Building Class | B |
| Price Per Unit | $154,468 CAD | Lot Size | 3.47 AC |
| Sale Type | Investment | Building Size | 76,738 SF |
| Cap Rate | 6.43% | Average Occupancy | 99% |
| Gross Rent Multiplier | 10.67 | No. Stories | 2 |
| No. Units | 78 | Year Built | 2016 |
| Property Type | Multifamily | Parking Ratio | 1.85/1,000 SF |
| Property Subtype | Apartment |
| Price | $12,048,495 CAD |
| Price Per Unit | $154,468 CAD |
| Sale Type | Investment |
| Cap Rate | 6.43% |
| Gross Rent Multiplier | 10.67 |
| No. Units | 78 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 3.47 AC |
| Building Size | 76,738 SF |
| Average Occupancy | 99% |
| No. Stories | 2 |
| Year Built | 2016 |
| Parking Ratio | 1.85/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer
- Heating
- Security System
- Ceiling Fans
- Tile Floors
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Range
- Wi-Fi
- Window Coverings
Site Amenities
- Property Manager on Site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 78 | $1,332 CAD | 980 |
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zoning
| Zoning Code | RM (Residential Multi-Family) |
| RM (Residential Multi-Family) |
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Leslie De Leon - Abolengo Properties LLC
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Del Sol Apts | 2305 W Mile 3 Rd
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