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    1004 Mahala Ave Alton, TX 78573

    For Sale
    $460,000

    Four-unit apartment complex, excellent ROI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional investment opportunity presents a beautifully maintained four-unit apartment complex situated within a gated community in Alton, Texas. The property, located at 1004 W Mahala Avenue, boasts a prime location in Hidalgo County, zip code 78573, with coordinates 26.2952846, -98.3228477. Constructed in 2022, this property comprises two buildings situated on a generous 9,314.87 square foot lot. All four units are currently leased, providing immediate cash flow for the investor. Each unit is equipped with all appliances and features attractive tile flooring throughout. High-end finishes include quartz countertops, adding to the overall appeal and desirability of the units. The gated community provides an added layer of security and peace of mind for residents. This turnkey investment is ready for a new owner to step in and enjoy the benefits of a well-maintained, high-demand multifamily property. The asking price for this exceptional property is $460,000. This represents a strong investment opportunity in a growing Texas market.

    Property Features for 1004 Mahala Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2022
    Buildings
    2
    Units
    4

    HighLights

    • Four‑unit apartment complex in gated Alton, TX community.
    • Located at 1004 W Mahala Avenue, Hidalgo County, TX 78573 (26.2952846, -98.3228477).
    • New construction (2022) on a 9,314.87 sq ft lot; two buildings.
    • 100% occupied, providing immediate cash flow.
    • All units feature tile flooring, quartz countertops, and appliances.
    • Turnkey investment; asking price $460,000.
    Property Profile Insight Report 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 Gym & Fitness Clothing Store Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3228477
    Latitude
    26.2952846

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment complex, excellent ROI.
    Where is this multifamily property located?
    The property is located at 1004 Mahala Ave Alton, TX.
    What is the asking price?
    The asking price for this property is $460,000.
    What are key features of this property?
    This property features: Four-unit apartment complex in gated Alton, TX community.; Located at 1004 W Mahala Avenue, Hidalgo County, TX 78573 (26.2952846, -98.3228477).; New construction (2022) on a 9,314.87 sq ft lot; two buildings.
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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
    1004 Mahala Ave Alton, TX 78573
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