3115 E Diamondhead Ave
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3115 E Diamondhead Ave
4 Unit Apartment Building $533,250 CAD ($133,313 CAD/Unit) Alton, TX 78573
Investment Highlights
- Attached, Garage Faces Rear
- Energy Features (double Pane Windows)
- Curb & Gutters, Mature Trees, Professional Landscaping, Sidewalks
Executive Summary
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 for 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 $850, Apt B $800, Apt C $850 & Apt D $900. Situated on a street lined w/other 4-plexes, as new as 2015, indicating strong demand & profitability.
Property Facts
| Price | $533,250 CAD | Apartment Style | Low Rise |
| Price Per Unit | $133,313 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.22 AC |
| No. Units | 4 | Building Size | 3,640 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 2007 |
| Price | $533,250 CAD |
| Price Per Unit | $133,313 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 3,640 SF |
| No. Stories | 1 |
| Year Built | 2007 |
Unit Amenities
- Air Conditioning
- Heating
- Tile Floors
Site Amenities
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | - |
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3115 E Diamondhead Ave
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