TX > Alamo > Shea Estates
Alamo, TX 78516,731 N Tower RD
Alamo, TX 78516,731 N Tower RD
Alamo, TX 78516,731 N Tower RD
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Listed by BIG Realty
$2,400,000
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24,000 SqFt
Active

731 N Tower RD Alamo, TX 78516

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Franklin Torres

Franklin Torres

+1(210) 278-6698

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Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 24,000 sqft

Subdivision Shea Estates

MLS Listing ID 467850

HOA Y/N No

Year Built 2017

Annual Tax Amount $35,000

Tax Year 2024

Lot Size 1.390 Acres

Acres 1.39

Property Sub-Type Apartment

Source Greater McAllen

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

Interior Features Ceiling Fan(s), Dryer, Microwave, Split Bedrooms, Walk-In Closet(s), Washer

Heating Central

Cooling Central Air

Flooring Porcelain Tile, Tile

Appliance Electric Water Heater, Water Heater (Laundry Room), Electric Cooktop, Refrigerator

Laundry Laundry Closet, Washer/Dryer Connection

Exterior

Exterior Feature Sprinkler System

Carport Spaces 40

Fence Decorative Metal

Community Features Sidewalks, Street Lights

Utilities Available Cable Available

View Y/N No

Roof Type Composition Shingle

Total Parking Spaces 40

Garage No

Building

Lot Description Alley, Sidewalks, Sprinkler System

Faces N on Tower Road. To the West side before the first stop sign.

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.

Others

Tax ID S309000000000100

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Franklin Torres

Franklin Torres

Broker Associate | License ID: 718047

+1(210) 278-6698

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731 N Tower RD

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