For Sale
$495,000
1101 Mahala Ave Alton, TX 78573
Modern 4-plex, high ROI potential.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 132
Highlights
- $495,000 asking price for this stabilized multifamily investment property.
- Four-unit apartment building in Alton, TX, with two additional parking pads.
- 3,482 square feet on a 10,146.866 square foot lot, offering a price per square foot of $142.16.
- 6.79% cap rate with a pro-forma cap rate of 7.91%, generating a current NOI of $33,615 and a pro-forma NOI of $39,135.
- Built and renovated in 2022, this Class B property features eight parking spaces and is individually owned.
- Each unit is priced at $123,750 and includes modern kitchens, private patios, and in-unit washer/dryer connections.
Property Details for 1101 Mahala Ave
- Property type
- Apartment buildings, Small apartment buildings
- Square Feet
- 3,482 SF
- Class
- B
- Year Built/Renovated
- 2022/2022
- Buildings
- 2
- Stories
- 1
- Units
- 4
Location Insight
- City
- Alton
- County
- Hidalgo
- State
- Texas
- Latitude
- 26.2950495
- Longitude
- -98.3235961
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - Modern 4-plex, high ROI potential.
- Where is the apartment building located?
- The property is located at 1101 Mahala Ave Alton, TX.
- What is the asking price?
- The asking price for this property is $495,000.
- What are key features of this property?
- This property features: $495,000 asking price for this stabilized multifamily investment property.; Four-unit apartment building in Alton, TX, with two additional parking pads.; 3,482 square feet on a 10,146.866 square foot lot, offering a price per square foot of $142.16.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
