723 Tower Rd Alamo, TX 78516-3791
Property profile & analytics
723 Tower Rd Alamo, TX 78516-3791
- Apartment buildings
- 7,812 SF
- 0.47 lot acres
Property ID
US82-3445549
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 723 Tower Rd
- Year built
- 2016
- Lot size
- 0.47 lot acres
- Property size
- 7,812 SF
- Zone code
- RS
- Property type
- Apartment buildings
- APN
- S3090-00-000-0005-00
- APU
- S309000000000500
Description
This exceptional investment opportunity presents a fully rented, eight-unit apartment building located at 723 N Tower Road in Alamo, Texas, 78516. Built in 2016, this well-maintained property boasts a total of 7,812 square feet across three buildings situated on a spacious 20,498.9 square foot lot. Each of the eight units is generously sized, featuring an open layout, large bedrooms, and a sizable island in the kitchen. The spacious design creates a comfortable and home-like atmosphere, exceeding typical apartment living expectations. The property's strong occupancy rate ensures immediate cash flow for the investor. The asking price for this turnkey investment is $799,950. This property is ideally located in Alamo, Hidalgo County, Texas, offering excellent potential for both rental income and future appreciation. The property's strong tenant base and desirable features make it a compelling investment opportunity in a thriving market. This is a must-see property for any serious investor seeking a stable and profitable addition to their portfolio. The property's location in Alamo, TX provides easy access to local amenities and services.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,050,000
- 6.5%
- $970,000
- 7%
- $900,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $715,000
Market price range: $409k - $729k -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $585,000 Current use
- RESTAURANT
- $1,020,000 Change: +74% Conversion: Difficult
- RETAIL STORES
- $935,000 Change: +59% Conversion: Difficult
- MEDICAL BUILDING
- $770,000 Change: +31% Conversion: Moderate
- WAREHOUSE, STORAGE
- $660,000 Change: +13% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Alamo
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1098
- Latitude
- 26.1929
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$20,384
$118,900
$644,830
$763,730
-
$118,900
$644,830
$763,730
