3115 E Diamondhead Ave - Apartments FOR SALE


Alton, TX 78573
$384,999 USD
956-207-0456
3115 E Diamondhead Ave, Alton, TX for Sale
$384,999 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

3115 E Diamondhead Ave
Alton, TX 78573


HIGHLIGHTS

  • FULLY OCCUPIED
  • BRAND NEW ROOF
  • TURNKEY

OVERVIEW

Turnkey | Fully Occupied Fourplex | BRAND NEW ROOF. --- Offering immediate cash flow in a desirable location within walking distance of Jensen Elementary. This well-maintained property features four 2-bedroom, 2-bath units with current rental income of $3,400/month (A: $850, B: $850, C: $900, D: $800). Over $58,000 has been invested in recent improvements, including a brand-new roof, complete exterior repaint, security cameras, exterior lighting, cleaned A/C condenser units and dryer vents, new thermostats, new washers and dryers in Units B & D, and a fully renovated Unit D. Located on a street with newer multifamily properties, this investment offers stable occupancy, strong rental demand, low deferred maintenance, and future upside through market rent increases. A great opportunity for both seasoned and first-time investors.

FOR SALE DETAILS

PRICE

$384,999 USD

PRICE/SF

$106 USD /SF

# OF UNITS

4

PRICE/UNIT

$96,250

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

-

APN/PARCEL ID

E4435-00-000-0024-00

ASK ABOUT THIS PROPERTY

Nacole RicksAline Property GroupMore Info
956-207-0456

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Nacole RicksAline Property GroupMore Info
956-207-0456

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.