1001 Acacia Ave Alamo, TX 78516
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 1001 Acacia Ave
- Year built
- 1972
- Property type
- Small apartment buildings
Description
This exceptional four-unit apartment building presents a compelling investment opportunity in Alamo, Texas. Located at 1001 W Acacia Avenue, this property boasts a prime location near the Expressway, ensuring convenient access to local amenities and transportation. The building, constructed in 1972 and situated on a 6,800.15 square foot lot, comprises four separate units offering a diverse range of layouts to cater to various tenant needs. Two units feature two bedrooms and one bathroom each, perfect for small families or roommates. A third unit provides one bedroom and one bathroom, ideal for individuals or couples. The fourth unit offers more spacious living with three bedrooms and two bathrooms, suitable for larger families. The property benefited from a comprehensive remodel in 2018, enhancing its appeal and ensuring modern living standards. This renovation likely encompassed upgrades to kitchens, bathrooms, flooring, and other key features. The asking price is $199,000, with owner financing terms available: $110,000 down payment, 8% interest, and a five-year term. This Alamo multifamily property offers a strong potential for rental income and long-term appreciation. Its convenient location and updated condition make it an attractive investment for both seasoned and new investors.
Value Estimation
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Alamo
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1218
- Latitude
- 26.1848649
