731 N Tower RD Active Save Request In-Person Tour Request Virtual Tour
Alamo,TX 78516
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 24,000 sqft
Price per Sqft $100
Subdivision Shea Estates
MLS Listing ID 467850
Year Built 2017
Annual Tax Amount $35,000
Tax Year 2024
Lot Size 1.390 Acres
Property Sub-Type Apartment
Property Description
Rare opportunity to own a high-income producing 20-unit property located directly on Tower Rd, a main thoroughfare just seconds from Expressway 83. This multifamily asset features exceptional quality construction, modern finishes, ample parking, and strong tenant retention. Currently delivering an 8% cap rate with upside potential to increase income even further. Situated in a highly visible and accessible location near commercial centers, this investment offers long-term growth and stability. Don't miss your chance to own one of the best-built properties in the area! All units are FULLY rented. This property also features a large office, perfect to convert into another rental space or to conduct business out of there.
Location
State TX
County Hidalgo
Community Sidewalks,Street Lights
Rooms
Other Rooms Office
Interior
Heating Central
Cooling Central Air
Flooring Porcelain Tile,Tile
Laundry Laundry Closet,Washer/Dryer Connection
Exterior
Exterior Feature Sprinkler System
Fence Decorative Metal
Community Features Sidewalks,Street Lights
Utilities Available Cable Available
View Y/N No
Roof Type Composition Shingle
Building
Lot Description Alley,Sidewalks,Sprinkler System
Story 1
Foundation Slab
Sewer City Sewer
Water Public
Structure Type Stone,Stucco
New Construction No
Schools
Elementary Schools Santos Livas
Middle Schools Vela
High Schools Psja Memorial H.S.