219 Diamond Ave Alton, TX 78573
This exceptional 10-unit apartment building presents a compelling investment opportunity in the thriving city of Alton, Texas. Completed in 2024, this new construction property boasts a total of 4,180 square feet situated on a generous 9,962.17 square foot lot. The property comprises two buildings, offering a convenient and efficient layout. Each unit is equipped with modern amenities including new appliances, elegant granite countertops, a functional kitchen island, and stylish tile flooring throughout. The strategic location on W Diamond Avenue provides excellent visibility and accessibility, placing residents within easy reach of a variety of shopping and dining establishments via nearby N Conway. The asking price for this turnkey multifamily investment is $519,000. This property represents a strong potential for immediate rental income and long-term appreciation in a rapidly growing market. The property's modern design and prime location make it an attractive option for tenants, ensuring high occupancy rates and a stable income stream. This is a rare opportunity to acquire a high-quality, newly constructed multifamily property in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.