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    219 Diamond Ave Alton, TX 78573

    For Sale
    $519,000

    Ten-unit apartment building, new construction.

    Property size:
    4,180 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 10-unit apartment building presents a compelling investment opportunity in the thriving city of Alton, Texas. Completed in 2024, this new construction property boasts a total of 4,180 square feet situated on a generous 9,962.17 square foot lot. The property comprises two buildings, offering a convenient and efficient layout. Each unit is equipped with modern amenities including new appliances, elegant granite countertops, a functional kitchen island, and stylish tile flooring throughout. The strategic location on W Diamond Avenue provides excellent visibility and accessibility, placing residents within easy reach of a variety of shopping and dining establishments via nearby N Conway. The asking price for this turnkey multifamily investment is $519,000. This property represents a strong potential for immediate rental income and long-term appreciation in a rapidly growing market. The property's modern design and prime location make it an attractive option for tenants, ensuring high occupancy rates and a stable income stream. This is a rare opportunity to acquire a high-quality, newly constructed multifamily property in a desirable location.

    Property Features for 219 Diamond Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,180 SF

    Building Details

    Year Built
    2024
    Buildings
    2
    Units
    10

    HighLights

    • New construction, 10‑unit apartment building in Alton, TX.
    • 4,180 square feet on a 9,962.17 square foot lot.
    • Two buildings, efficient layout.
    • Modern units with new appliances, granite countertops, kitchen islands, and tile flooring.
    • Excellent location on W Diamond Avenue, near shopping and dining.
    • Asking price: $519,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Clothing Store Building Supply Wholesale Shop Department Store Hotel & Motel HVAC Service Grocery Store Food Market Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3145537
    Latitude
    26.2922352

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    FAQs

    What type of property is this?
    Multifamily property - Ten-unit apartment building, new construction.
    Where is this multifamily property located?
    The property is located at 219 Diamond Ave Alton, TX.
    What is the asking price?
    The asking price for this property is $519,000.
    What are key features of this property?
    This property features: New construction, 10-unit apartment building in Alton, TX.; 4,180 square feet on a 9,962.17 square foot lot.; Two buildings, efficient layout.
    Request Owner's contact information
    219 Diamond 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
    219 Diamond Ave Alton, TX 78573
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