2705 Franklin Ave Alton, TX 78573
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 2705 Franklin Ave
- Year built
- 2018
- Property type
- Small apartment buildings
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Alton
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.288285
- Latitude
- 26.2787982
