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Property profile

1009 Mahala Ave Alton, TX 78573

OFF-MARKET
Apartment buildings
Built 2023
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully leased fourplex located at 1009 W Mahala Avenue in Alton, Texas, 78573. Built in 2023, this property boasts two buildings situated on a generous 9,199.87 square foot lot. The four units are comprised of two-bedroom, two-bathroom floor plans, each offering just over 900 square feet of living space. The property is part of the gated Sunset Valley Apartments Subdivision, providing residents with added security and peace of mind. Conveniently located off Trosper Boulevard, this property offers easy access to W Main Avenue and Alton Boulevard, ensuring excellent accessibility for residents and potential tenants. All units are currently leased, providing immediate cash flow for the investor. The asking price for this turnkey investment is $495,000. This represents a rare opportunity to acquire a newly constructed, fully occupied multifamily property in a desirable location. The property's modern construction and prime location make it an attractive investment for both seasoned and new investors seeking strong returns. Don't miss this chance to add a high-performing asset to your portfolio.

Property profile

Verified
Property type Apartment buildings
Year built 2023

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1009 Mahala Ave Alton, TX 78573
Alton metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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