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3115 E Diamondhead Ave 4 Unit Apartment Building $384,999 ($96,250/Unit) Alton, TX 78573
Investment Highlights
- FULLY OCCUPIED
- TURNKEY
- BRAND NEW ROOF
Executive Summary
Turnkey | Fully Occupied Fourplex | BRAND NEW ROOF. --- Offering immediate cash flow in a desirable location within walking distance of Jensen Elementary. This well-maintained property features four 2-bedroom, 2-bath units with current rental income of $3,400/month (A: $850, B: $850, C: $900, D: $800). Over $58,000 has been invested in recent improvements, including a brand-new roof, complete exterior repaint, security cameras, exterior lighting, cleaned A/C condenser units and dryer vents, new thermostats, new washers and dryers in Units B & D, and a fully renovated Unit D. Located on a street with newer multifamily properties, this investment offers stable occupancy, strong rental demand, low deferred maintenance, and future upside through market rent increases. A great opportunity for both seasoned and first-time investors.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $384,999 | Building Class | B |
| Price Per Unit | $96,250 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 3,640 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 2007 |
| Apartment Style | Low-Rise |
| Price | $384,999 |
| Price Per Unit | $96,250 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 3,640 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2007 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Tile Floors
Site Amenities
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | E4435-00-000-0024-00 | Total Assessment | $320,368 (2025) |
| Land Assessment | $62,128 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $258,240 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
E4435-00-000-0024-00
Land Assessment
$62,128 (2025)
Improvements Assessment
$258,240 (2025)
Total Assessment
$320,368 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Contact the Sale Advisor
3115 E Diamondhead Ave