731 Tower RdAlamo, TX 78516

For Sale
$1,199,950

12-Unit Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 12-unit apartment complex, located at 731 N Tower Road in Alamo, Texas, presents a compelling investment opportunity. Built in 2017, the property boasts a total of 16,016 square feet across seven buildings situated on a spacious 39,152.164 square foot lot. All twelve units are currently fully rented, generating immediate income. Each unit features a desirable open-concept layout, highlighted by large bedrooms, spacious living areas, and a sizable kitchen island. The apartments are meticulously maintained and offer a comfortable living experience, exceeding typical apartment standards. Beyond the residential units, the property includes a sizable office space, offering potential for additional rental income or use as an on-site business office. The complex enjoys a prime location, conveniently situated near the expressway and a major thoroughfare, providing easy access to key transportation routes. This property's combination of strong occupancy, desirable features, and convenient location makes it an attractive investment prospect in the thriving Alamo, Texas market (Zip code 78516). The asking price is $1,199,950. Photos do not fully capture the spaciousness and quality of this well-maintained complex.

Property Details for 731 Tower Rd

Property type
Multifamily properties, Apartment buildings
Square Feet
16,016 SF
Year Built
2017
Buildings
7
Units
12

Location Insight

City
Alamo
County
Hidalgo
State
Texas
Latitude
26.1942124
Longitude
-98.109632
731 Tower Rd, Alamo, Texas

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731 Tower Rd
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