909 Maryland St Alton, TX 78573
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 909 Maryland St
- Year built
- 2022
- Property type
- Small apartment buildings
Description
This exceptional 2022-built, four-unit apartment building in Alton, Texas presents a compelling investment opportunity. Situated on a spacious 12,824 square foot corner lot within a gated community, this property features two buildings, each a duplex/triplex/quadruplex configuration. The property boasts attractive brick exteriors and generous yards, enhancing curb appeal and tenant satisfaction. Each of the four units offers substantial living space at 1,073 square feet, encompassing three bedrooms and two bathrooms. Modern conveniences include a sprinkler system, and all units come equipped with appliances. The property's infrastructure includes five electric meters and one water meter, along with an eight-car carport providing ample parking. Currently generating a total monthly rental income of $4,725, this property offers a strong return on investment. Its location near schools and within a developing area of Alton ensures consistent tenant demand and long-term stability. Furthermore, the seller is offering $10,000 in closing cost assistance, making this an even more attractive proposition for discerning investors. This turnkey property requires minimal effort to manage and promises significant financial returns. The combination of modern construction, desirable amenities, and a strong rental market makes this a truly exceptional investment opportunity.
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
- -98.3241123
- Latitude
- 26.2965173
