$375,000
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3115 Diamondhead Avenue Alton, TX 78573
Fourplex
Residence
Beds
Baths
3,640
Sq. Ft.
0.22
Acre
Lot
Property Activity
Time on Site
days
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Solid investment w/proven income potential & room for growth located in a highly desirable area walking distance from Jensen Elementary. 4 - 2 bed 2 bath units ideal to add to an investment portfolio or perfect a first-time investment. 100% occupied, solid long-term tenants who have been in place fo...r 5-8 yrs. Potential Rent increases to $950-$975 per mo. totaling $3,600 - $3,850 per mo. starting Oct 2024 when leases become month-to-month. $42,000+ invested in the property. Improvements include: repaired roof 2023, new paint & repairs for the entire 4-plex 23' & new exterior paint 24'. The AC exterior units have been cleaned 23', and the dryer exhaust roof vents have been cleaned. New exterior lights & cameras, adding value for tenants. New thermostats in Apt B & D, new washers & dryers Apt B & D & fully rehabbed Apt D. Current rents: Apt A $800, Apt B $750, Apt C $850 & Apt D $900. Situated on a street lined w/other 4-plexes, as new as 2015, indicating strong demand & profitability.
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MLS#
446354
Property Type
Fourplex
Year Built
2007
Square Feet
3,640
sq. ft
Price per Sq. Ft.
$103.02
Lot Size
0.22
Sewer
City Sewer
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