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    1410 Alamo Rd Alamo, TX 78516

    Sponsored
    For Sale
    $750,000

    Ten-unit apartment complex, high demand.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fully occupied, ten-unit apartment complex located at 1410 S Alamo Road, Alamo, TX 78516. The property consists of three buildings constructed in 1974, situated on a substantial 21,167.98 square foot lot. Each of the ten units features two bedrooms and one bathroom, consistently attracting tenants due to its convenient location and desirable amenities. The property's unique U-shaped building design incorporates a central parking lot, providing secure and convenient parking for residents. The buildings' roofs are interconnected, enhancing both aesthetics and functionality. Adding to the property's appeal is an on-site storage room, presenting a readily available opportunity for conversion into a revenue-generating laundry facility. The complex enjoys easy access to Expy 83, placing residents within close proximity to a variety of dining, entertainment, retail options, and several schools. This multifamily property offers a compelling blend of convenience, community appeal, and significant potential for strong financial returns, making it an ideal addition to any investment portfolio. The asking price for this turnkey investment is $750,000.

    Property Features for 1410 Alamo Rd

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1974
    Buildings
    3
    Units
    10
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Nail Salon Building Supply Auto Repair Shop Department Store HVAC Service Bar & Pub Hotel & Motel Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Alamo
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.127978
    Latitude
    26.153668

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    FAQs

    What type of property is this?
    Multifamily property - Ten-unit apartment complex, high demand.
    Where is this multifamily property located?
    The property is located at 1410 Alamo Rd Alamo, TX.
    What is the asking price?
    The asking price for this property is $750,000.
    Request Owner's contact information
    1410 Alamo Rd Alamo, TX 78516
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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
    1410 Alamo Rd Alamo, TX 78516
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