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Shary Landing 1300 S Yankton St 4 Unit Apartment Building $478,000 ($119,500/Unit) 7.89% Cap Rate Alton, TX 78573
INVESTMENT HIGHLIGHTS
- High Occupancy
- Gated Multi Family Subdivision, Prime Location
EXECUTIVE SUMMARY
Modern Fourplexes for Sale – Gated Multifamily Community in Alton, TX
Price: $478,000 per Fourplex (4 doors)
Availability: 3 Fourplexes (12 doors total)
Year Built: 2023
Discover this rare investment opportunity in a modern, gated multifamily subdivision in Alton, Texas. Each fourplex showcases a contemporary, uniform façade and high-quality finishes throughout.
Each fourplex features:
• Front Units: 2 Bedrooms / 2 Bathrooms
• Back Units: 3 Bedrooms / 2 Bathrooms
• Open-Concept Layout with wood-like tile flooring throughout (no carpet)
• Custom Kitchens with large islands, quartz or granite countertops, and premium cabinetry (white or brown finishes depending on building)
• Stainless Steel Appliances: Refrigerator, stove, microwave, washer, and dryer included
• Spacious Bedrooms with large closets
• Primary Bathrooms feature a tiled shower with glass door and generous closet space
• Private Fenced Yards for all units (back units with grassed backyards, front units with grassed side yards)
• 8 Designated Carport Spaces per Fourplex
These properties are turnkey and income-producing, making them an ideal investment for buyers seeking immediate returns with minimal maintenance.
Offered at: $478,000 each (sold individually or as a bulk package of three).
Listing Agent is related to the Seller. Seller/LA is a licensed real estate agent in Texas. Text, Email or Call Today !
Price: $478,000 per Fourplex (4 doors)
Availability: 3 Fourplexes (12 doors total)
Year Built: 2023
Discover this rare investment opportunity in a modern, gated multifamily subdivision in Alton, Texas. Each fourplex showcases a contemporary, uniform façade and high-quality finishes throughout.
Each fourplex features:
• Front Units: 2 Bedrooms / 2 Bathrooms
• Back Units: 3 Bedrooms / 2 Bathrooms
• Open-Concept Layout with wood-like tile flooring throughout (no carpet)
• Custom Kitchens with large islands, quartz or granite countertops, and premium cabinetry (white or brown finishes depending on building)
• Stainless Steel Appliances: Refrigerator, stove, microwave, washer, and dryer included
• Spacious Bedrooms with large closets
• Primary Bathrooms feature a tiled shower with glass door and generous closet space
• Private Fenced Yards for all units (back units with grassed backyards, front units with grassed side yards)
• 8 Designated Carport Spaces per Fourplex
These properties are turnkey and income-producing, making them an ideal investment for buyers seeking immediate returns with minimal maintenance.
Offered at: $478,000 each (sold individually or as a bulk package of three).
Listing Agent is related to the Seller. Seller/LA is a licensed real estate agent in Texas. Text, Email or Call Today !
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$57,600
|
$14.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$57,600
|
$14.21
|
| Taxes |
$13,000
|
$3.21
|
| Operating Expenses |
$7,810
|
$1.93
|
| Total Expenses |
$20,810
|
$5.13
|
| Net Operating Income |
$36,790
|
$9.07
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $57,600 |
| Annual Per SF | $14.21 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $57,600 |
| Annual Per SF | $14.21 |
| Taxes | |
|---|---|
| Annual | $13,000 |
| Annual Per SF | $3.21 |
| Operating Expenses | |
|---|---|
| Annual | $7,810 |
| Annual Per SF | $1.93 |
| Total Expenses | |
|---|---|
| Annual | $20,810 |
| Annual Per SF | $5.13 |
| Net Operating Income | |
|---|---|
| Annual | $36,790 |
| Annual Per SF | $9.07 |
PROPERTY FACTS
| Price | $478,000 | Building Class | B |
| Price Per Unit | $119,500 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 4,054 SF |
| Cap Rate | 7.89% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 1.97/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | Multi - Family - Multi Family Community | ||
| Price | $478,000 |
| Price Per Unit | $119,500 |
| Sale Type | Investment |
| Cap Rate | 7.89% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.24 AC |
| Building Size | 4,054 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2023 |
| Parking Ratio | 1.97/1,000 SF |
| Zoning | Multi - Family - Multi Family Community |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Granite Countertops
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Wi-Fi
- Yard
- Dining Room
- Double Pane Windows
- Family Room
- Framed Mirrors
- Freezer
- Instant Hot Water
- Island Kitchen
- Lawn
- Window Coverings
SITE AMENITIES
- Controlled Access
- Fenced Lot
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 2 | $1,125 | 949 |
| 3+2 | 2 | $1,288 | 1,078 |
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VIDEOS
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Presented by
Daniela Perez
Shary Landing | 1300 S Yankton St
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