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    1428 Harrison Ave Alton, TX 78573

    For Sale
    $459,000

    Four-unit apartment building, excellent income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity in Alton, Texas presents a well-maintained four-unit apartment building situated on a spacious 13,899 square foot corner lot. Constructed in 2021, the property comprises two buildings, each housing a portion of the four rental units. All units are currently occupied, providing immediate and consistent rental income. The property's location in Alton, Hidalgo County, offers a strong potential for continued growth and appreciation. The asking price is $459,000. This multifamily property is ideal for investors seeking a stable, cash-flowing asset in a desirable Texas market. The property's recent construction ensures minimal maintenance needs and long-term value. With its prime location and strong occupancy rate, this fourplex represents a compelling investment opportunity with significant potential for future returns. The property address is 1428 W Harrison Avenue, Alton, TX 78573. The property's zip code is 78573.

    Property Features for 1428 Harrison Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2021
    Buildings
    2
    Units
    4

    HighLights

    • Well‑maintained four‑unit apartment building on a 13,899 sq ft corner lot in Alton, TX.
    • Built in 2021, consisting of two buildings, each housing two units.
    • 100% occupancy, providing immediate rental income.
    • Asking price: $459,000.
    • Located at 1428 W Harrison Avenue, Alton, TX 78573 (Zip code 78573).
    Property Profile Insight Report 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 Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.330811
    Latitude
    26.2805036

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, excellent income.
    Where is this multifamily property located?
    The property is located at 1428 Harrison Ave Alton, TX.
    What is the asking price?
    The asking price for this property is $459,000.
    What are key features of this property?
    This property features: Well-maintained four-unit apartment building on a 13,899 sq ft corner lot in Alton, TX.; Built in 2021, consisting of two buildings, each housing two units.; 100% occupancy, providing immediate rental income.
    Request Owner's contact information
    1428 Harrison Ave Alton, TX 78573
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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
    1428 Harrison Ave Alton, TX 78573
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