1101 Mahala Ave Alton, TX 78573

This exceptional 2022-built, two-building apartment complex in Alton, Texas, presents a compelling investment opportunity. The property boasts four units, each featuring modern kitchens and private patios, complete with appliances (refrigerator, stove/oven, washer, and dryer). Situated on a 10,146.86 sq ft lot, the 3,482 sq ft complex offers eight parking spaces and is located within a secure gated community. The property's current NOI is $33,615, with a pro-forma NOI of $39,135, yielding a 6.79% cap rate and a pro-forma cap rate of 7.91%. The asking price is $495,000, translating to $123,750 per unit and $142.16 per square foot. The property is classified as a Class B, stabilized investment, and is zoned for multi-family use. This turnkey investment is ideal for those seeking immediate cash flow and strong appreciation potential. The property's modern design and amenities, combined with its secure location, ensure high tenant occupancy and minimal vacancy. The individual ownership structure offers flexibility and control. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a desirable location. The property's APN is S7657-02-000-0088-00.