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Property profile & analytics
OFF-MARKET
Small apartment buildings

2705 Franklin Ave Alton, TX 78573

Built 2018
Property ID
US83-0985508
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Small apartment buildings
Year built 2018
UPID US83-0985508
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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