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    1009 Mahala Ave Alton, TX 78573

    Sponsored
    For Sale
    $495,000

    Fourplex, 2023 Construction, Fully Leased

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fully leased fourplex located at 1009 W Mahala Avenue in Alton, Texas, 78573. Built in 2023, this property boasts two buildings situated on a generous 9,199.87 square foot lot. The four units are comprised of two-bedroom, two-bathroom floor plans, each offering just over 900 square feet of living space. The property is part of the gated Sunset Valley Apartments Subdivision, providing residents with added security and peace of mind. Conveniently located off Trosper Boulevard, this property offers easy access to W Main Avenue and Alton Boulevard, ensuring excellent accessibility for residents and potential tenants. All units are currently leased, providing immediate cash flow for the investor. The asking price for this turnkey investment is $495,000. This represents a rare opportunity to acquire a newly constructed, fully occupied multifamily property in a desirable location. The property's modern construction and prime location make it an attractive investment for both seasoned and new investors seeking strong returns. Don't miss this chance to add a high-performing asset to your portfolio.

    Property Features for 1009 Mahala Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2023
    Buildings
    2
    Units
    4

    HighLights

    • $495,000 asking price.
    • Four‑unit multifamily apartment building.
    • Built in 2023.
    • Two buildings on a 9,199 sq ft lot.
    • Located at 1009 W Mahala Avenue, Alton, TX 78573.
    • All units currently leased.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store 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
    -98.3226246
    Latitude
    26.2952573

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    FAQs

    What type of property is this?
    Multifamily property - Fourplex, 2023 Construction, Fully Leased
    Where is this multifamily property located?
    The property is located at 1009 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.; Four-unit multifamily apartment building.; Built in 2023.
    Request Owner's contact information
    1009 Mahala 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
    1009 Mahala Ave Alton, TX 78573
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