444 E Acacia St - Apartments FOR SALE


Alamo, TX 78516
$515,000 USD
956-520-2318
444 E Acacia St, Alamo, TX for Sale
$515,000 USD
Apartments - FOR SALE
1/13
null | 8.7% Cap Rate

444 E Acacia St
Alamo, TX 78516


HIGHLIGHTS

  • Wonderful small gated community, proven rents in community, great location, lots of value add due to location
  • Units are light and bright, with built in laundry, washer/dryer, Stainless Steel Kitchen appliances, tenants love these features
  • Open Floor plan, Thick quartz counters, beautiful fully tiled showers, hallway/guest bath with tub-tiled bath/shower

OVERVIEW

Welcome to an 8.70 proforma CAP Rate! Leased by closing, in the gated Tower Pointe Subdivision. Modern designed Fourplex with a mix of 3 bed/2 ba units and 2 bed/2 ba to maximize your return. 5 water meters included as tenants pay all their own utilities. With a gray neutral color scheme that flows from the exterior into the interior of each unit, this property exuberates a clean and sleek design. Although surrounded by new single family subdivisions the area is in need of new rental product. Convenient location 5 min from Hwy 2 and business 83. Quality builder. Quartz countertops, ceramic tile flooring, appliances and blinds included. All units have their own private fenced backyard. Stainless steel refrigerator, stove, microwave, washer and dryer included. 8 Carport Spaces.

FOR SALE DETAILS

PRICE

$515,000 USD

PRICE/SF

$121 USD /SF

# OF UNITS

4

PRICE/UNIT

$128,750

CAP RATE

8.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

444 E Acacia - Tower Pointe Fourplex - 8.70CR

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

PARKING SPACES

8

LAND DETAILS

LAND ACRES

6.04 AC

LAND SF

263,194 SF

ZONING

Multi-Family Residental

APN/PARCEL ID

A1800-00-037-0011-09

ASK ABOUT THIS PROPERTY

Janet ClementSpirit Real EstateMore Info
956-520-2318

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Janet ClementSpirit Real EstateMore Info
956-520-2318

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