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    901 Maryland St Alton, TX 78573

    For Sale
    $530,000

    Four-unit apartment building, newly built.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional investment opportunity presents a newly constructed four-unit apartment building located at 901 N Maryland Street in Alton, Texas, 78573. Built in 2023, this property sits on a spacious 12,283.92 square foot lot and comprises two buildings. The property is comprised of four units, each boasting three bedrooms and two bathrooms. Three of the four units are currently leased, providing immediate rental income. Each unit is equipped with modern amenities including granite countertops and tile flooring. Residents enjoy the convenience of private backyard areas and two covered parking spaces per unit. The property's strategic location offers easy access to local restaurants, shopping centers, and schools, enhancing its appeal to tenants and maximizing its long-term investment potential. The asking price for this turnkey investment is $530,000. Please note that the interior photos are virtually staged. This property represents a strong addition to any investment portfolio, offering both immediate cash flow and significant future appreciation potential within Alton's thriving real estate market. The property's modern design and desirable features are sure to attract high-quality tenants for years to come.

    Property Features for 901 Maryland St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2023
    Buildings
    2
    Units
    4

    HighLights

    • $530,000 asking price.
    • Four‑unit multifamily apartment building.
    • Newly constructed in 2023.
    • Two buildings on a 12,283.92 sq ft lot.
    • Located in Alton, TX, 78573.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3239167
    Latitude
    26.296284

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, newly built.
    Where is this multifamily property located?
    The property is located at 901 Maryland St Alton, TX.
    What is the asking price?
    The asking price for this property is $530,000.
    What are key features of this property?
    This property features: $530,000 asking price.; Four-unit multifamily apartment building.; Newly constructed in 2023.
    Request Owner's contact information
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    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
    901 Maryland St Alton, TX 78573
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