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Property profile

1008 W La Pointe Ave Alton, TX 78573

FOR SALE
Apartment buildings
Property ID
US82-6203779
Built 2022
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Property summary

AI-generated overview

This exceptional 2022-built, four-unit apartment building is situated on a spacious 10,934.867 sq ft lot in Alton, Texas, zip code 78573. The property boasts a desirable location in the Alton/Mission area and currently generates a substantial monthly rental income of $4,600. Each of the four units features three bedrooms, two bathrooms, and a carport accommodating two vehicles. Modern amenities include beautiful open-space interior design, contemporary tile flooring, granite countertops, modern lighting, custom kitchen cabinets, ceiling fans in the living areas and bedrooms, mini blinds, and elegant vanities. Stainless steel kitchen appliances – refrigerator, stove, stackable washer, and dryer – are included in each unit. A fenced backyard provides added privacy and security. A monthly HOA fee covers the maintenance of the gated entrance. The asking price for this turnkey investment opportunity is $515,000. This property presents a compelling investment opportunity due to its strong rental income, modern features, and desirable location.

Property profile

Verified
Property type Apartment buildings
Year built 2022
UPID US82-6203779

Cap rate & NOI

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

Location

1008 W La Pointe 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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