203 Campeche Ave Alton, TX 78573
- Apartment buildings
- 4,034 SF
Current Use by Public Records
- Apartment buildings
Property Details for 203 Campeche Ave
- Year built
- 2024
- Property size
- 4,034 SF
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional investment opportunity presents a brand-new, fully leased fourplex located at 203 W Campeche Avenue in Alton, Texas, 78573. Built in 2024, this Class B property boasts 4,034 square feet across two one-story buildings situated on a 9,750 square foot lot. The property features a desirable mix of four units: two 2-bedroom/2-bathroom units and two 3-bedroom/2-bathroom units, each equipped with stainless steel appliances, quartz countertops, washer/dryer connections, and window coverings. The property enjoys 100% occupancy, generating a strong net operating income (NOI) of $44,704, resulting in an attractive 8.52% cap rate. The asking price is $514,900, translating to $128,725 per unit. Located within the planned gated community of La Hacienda (gates forthcoming), this property benefits from its proximity to the McAllen MSA, the University of Texas (15 minutes away), and numerous amenities including shopping, dining, quality public schools, coffee shops, supermarkets, daycare, parks, and entertainment venues. The builder's one-year warranty provides additional peace of mind. This is a rare opportunity to acquire a high-performing, newly constructed multifamily property in a rapidly growing area of Texas. The property includes two parking pads.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Alton
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.3173
- Latitude
- 26.2914
