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    1013 Mahala Ave Alton, TX 78573

    For Sale
    $495,000

    Fully Leased 4-Unit Apartment Building

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a fully leased, newly constructed (2023) four-unit apartment building located at 1013 W Mahala Avenue, Alton, Texas, 78573. The property boasts a desirable location within a gated community in Hidalgo County. The building comprises two structures, situated on a spacious 9,199.87 square foot lot. Each of the four units offers generous living space, measuring 900 square feet, and features two bedrooms and two bathrooms. High-quality finishes are evident throughout, including tile flooring, kitchens equipped with quartz countertops and ample cabinetry, and modern backsplashes. All units are complete with brand-new appliances, including washer and dryer sets. The current tenants are the first occupants of these newly constructed units, ensuring a stable income stream for the new owner. This turnkey investment property is priced at $495,000 and presents a compelling opportunity for immediate return on investment. The property's strong construction, desirable amenities, and prime location in a gated community contribute to its high appeal and potential for long-term growth. This is a rare chance to acquire a fully leased, modern multifamily property in a thriving Texas market.

    Property Features for 1013 Mahala Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2023
    Buildings
    2
    Units
    4
    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
    -98.3226547
    Latitude
    26.295261

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    FAQs

    What type of property is this?
    Multifamily property - Fully Leased 4-Unit Apartment Building
    Where is this multifamily property located?
    The property is located at 1013 Mahala Ave Alton, TX.
    What is the asking price?
    The asking price for this property is $495,000.
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    1013 Mahala 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
    1013 Mahala Ave Alton, TX 78573
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