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    1008 Ln Pointe Ave Alton, TX 78573

    For Sale
    $525,000

    Four-unit apartment building, high rental income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 2022-built four-unit apartment building presents a lucrative investment opportunity in the desirable Alton/Mission, Texas area. Priced at $525,000, this property boasts a substantial monthly rental income of $4,600. Each of the four units offers three bedrooms and two bathrooms, complete with modern amenities designed for comfortable living. Features include beautiful open-concept interiors, contemporary tile flooring, granite countertops, stylish modern lighting, and custom kitchen cabinets. Residents will appreciate the ceiling fans in the living areas and bedrooms, mini blinds for privacy, and elegant vanities in the bathrooms. The kitchens are equipped with stainless steel appliances, including a refrigerator, stove, and stackable washer and dryer. Each unit also includes a carport with space for two vehicles. The property sits on a sizable 10,934.86 square foot lot and features a fenced backyard, providing residents with a private outdoor space. A monthly HOA fee covers the maintenance of the gated entrance. This turnkey investment is ready for immediate income generation, offering a strong return on investment in a thriving Texas market. The single building is located at 1008 W La Pointe Avenue W, Alton, TX 78573.

    Property Features for 1008 Ln Pointe Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2022
    Buildings
    1
    Units
    4

    HighLights

    • $525,000 asking price.
    • Four‑unit multifamily apartment building.
    • Built in 2022.
    • Located at 1008 W La Pointe Avenue W, Alton, TX 78573.
    • 10,934 sq ft lot.
    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 Auto Repair Shop Gym & Fitness Pharmacy Skin Care Clinic Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3231561
    Latitude
    26.2962978

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, high rental income.
    Where is this multifamily property located?
    The property is located at 1008 Ln Pointe Ave Alton, TX.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: $525,000 asking price.; Four-unit multifamily apartment building.; Built in 2022.
    Request Owner's contact information
    1008 Ln Pointe Ave Alton, TX 78573
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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
    1008 Ln Pointe Ave Alton, TX 78573
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