3115 E Diamondhead Ave - Apartments FOR SALE


Alton, TX 78573
$375,000 USD
956-207-0456
3115 E Diamondhead Ave, Alton, TX for Sale
$375,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

3115 E Diamondhead Ave
Alton, TX 78573


HIGHLIGHTS

  • Attached, Garage Faces Rear
  • Curb & Gutters, Mature Trees, Professional Landscaping, Sidewalks
  • Energy Features (double Pane Windows)

OVERVIEW

Solid investment w/proven income potential & room for growth located in a highly desirable area walking distance from Jensen Elementary. 4 - 2 bed 2 bath units ideal to add to an investment portfolio or perfect a first-time investment. 100% occupied, solid long-term tenants who have been in place for 5-8 yrs. Potential Rent increases to $950-$975 per mo. totaling $3,600 - $3,850 per mo. starting Oct 2024 when leases become month-to-month. $42,000+ invested in the property. Improvements include: repaired roof 2023, new paint & repairs for the entire 4-plex 23' & new exterior paint 24'. The AC exterior units have been cleaned 23', and the dryer exhaust roof vents have been cleaned. New exterior lights & cameras, adding value for tenants. New thermostats in Apt B & D, new washers & dryers Apt B & D & fully rehabbed Apt D. Current rents: Apt A $850, Apt B $800, Apt C $850 & Apt D $900. Situated on a street lined w/other 4-plexes, as new as 2015, indicating strong demand & profitability.

FOR SALE DETAILS

PRICE

$375,000 USD

PRICE/SF

$103 USD /SF

# OF UNITS

4

PRICE/UNIT

$93,750

CAP RATE

Request Cap Rate

% LEASED

-

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 Policy.