731 N Tower Road, Alamo, TX 78516
- $2,400,000
- 24,000
- SqFt
- List Price
- $2,400,000
- Status
- ACTIVE
- MLS#
- 467850
- Year Built
- 2017
- Living Area
- 24,000
- Lot Size
- 60,547
- Acres
- 1.39
- Subdivision
- Shea Estates
- MLS Area Major
- Alamo
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.
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Additional Information
- Amenities
- Sidewalks, Street Lights
- Interior Features
- Ceiling Fan(s), Dryer, Microwave, Split Bedrooms, Walk-In Closet(s), Washer
- Exterior Features
- Sprinkler System
- Taxes
- $35,000
- Appliances
- Electric Water Heater, Water Heater (Laundry Room), Electric Cooktop, Refrigerator
- Heating
- Central
- Air Conditioning
- Central Air
- Stories
- 1
- Foundation
- Slab
- Parking Features
- Detached
- School District
- PSJA ISD
- Elementary School
- Santos Livas
- Middle School
- Vela
- High School
- PSJA Memorial H.S.
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Listing courtesy of Victor Fuentes with Big Realty