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Property profile

913 Mahala Ave Alton, TX 78573

OFF-MARKET
Apartment buildings
Built 2023
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Property summary

AI-generated overview

This stunning, newly constructed fourplex in Alton, Texas, presents a unique investment opportunity. Located at 913 W Mahala Avenue, this property boasts four 2-bedroom, 2-bathroom units, each featuring modern amenities such as all new appliances, extensive cabinetry, quartz countertops, and tile flooring throughout. The units also include two assigned covered parking spaces per unit, a significant advantage in this market. Built in 2023, this property sits on a spacious 9,195.95 square foot lot and comprises two buildings within the gated Sunset Valley Apartments community. Its prime location offers convenient access to W Main Ave and Alton Blvd. The property is ideal for "house hacking," allowing an owner to occupy one unit while leasing the others for rental income. Currently, two of the four units are already leased, generating immediate cash flow. The low-maintenance nature of this new construction makes it an attractive option for investors seeking a stable and profitable investment. The asking price for this exceptional property is $495,000. Don't miss this chance to acquire a high-quality, income-producing asset in a desirable location.

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

913 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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