2705 Franklin Ave Alton, TX 78573
This exceptional investment opportunity presents a well-maintained four-unit apartment building situated in the established Stewart Landing subdivision of Alton, Texas. The property, built in 2018, consists of two buildings on a spacious 10,890 square foot lot. The four units are currently fully leased, offering immediate cash flow and potential for future rental increases to match market rates. The unit mix includes two three-bedroom, two-bathroom units and two two-bedroom, two-bathroom units, providing a diverse tenant base. This property is ideally suited for first-time investors seeking a stable, income-generating asset or experienced investors looking to expand their portfolio. The asking price is $510,000. Located at 2705 E Franklin Avenue, Alton, TX 78573, this property offers a compelling combination of strong rental income, modern construction, and a desirable location. The property's excellent condition and high occupancy rate make it a low-risk, high-reward investment prospect. The substantial lot size also presents potential for future expansion or development, adding further value to this already attractive offering. This is a turnkey investment ready for immediate returns.
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
Similar Nearby for Sale
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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.