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    1105 Ln Pointe Ave Alton, TX 78573

    For Sale
    $505,000

    Fully Leased, Modern 4-Unit Apartment Building

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a fully leased four-unit apartment building located at 1105 W La Pointe Avenue in Alton, Texas, 78573. Built in 2021, this property sits on a spacious 11,491.128 square foot lot and comprises two buildings. The property features four individual units, each offering three bedrooms and two bathrooms. Modern amenities include granite countertops and tile flooring throughout. Each unit also boasts a private backyard area and two covered parking spaces. The property's prime location offers convenient access to local restaurants, shopping centers, and schools, ensuring high occupancy rates and strong rental demand. The asking price for this turnkey investment is $505,000. Note that interior photos are virtually staged. This property represents a rare chance to acquire a high-performing multifamily asset in a thriving Texas market, offering immediate rental income and significant long-term appreciation potential. The property is currently fully leased, providing a stable and immediate return on investment. This is an exceptional opportunity for investors seeking a low-maintenance, high-yield property in a desirable location. The property's modern design and desirable amenities are sure to attract and retain high-quality tenants.

    Property Features for 1105 Ln Pointe Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2021
    Buildings
    2
    Units
    4

    HighLights

    • Fully leased four‑unit apartment building in Alton, TX.
    • Built in 2021, situated on an 11,491 sq ft lot.
    • Four 3 bed/2 bath units with granite countertops and tile flooring.
    • Each unit includes a private backyard and two covered parking spaces.
    • Prime location near restaurants, shopping, and schools.
    • Asking price: $505,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Auto Repair Shop Gym & Fitness Pharmacy Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3240275
    Latitude
    26.2961727

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    FAQs

    What type of property is this?
    Multifamily property - Fully Leased, Modern 4-Unit Apartment Building
    Where is this multifamily property located?
    The property is located at 1105 Ln Pointe Ave Alton, TX.
    What is the asking price?
    The asking price for this property is $505,000.
    What are key features of this property?
    This property features: Fully leased four-unit apartment building in Alton, TX.; Built in 2021, situated on an 11,491 sq ft lot.; Four 3 bed/2 bath units with granite countertops and tile flooring.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1105 Ln Pointe Ave Alton, TX 78573
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