3115 E Diamondhead Ave, Alton, Texas, United States | Homes For Sale at GLOBAL LISTINGS

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Home For Sale

$375,000

3115 E Diamondhead Ave
Alton, Texas, United States

Listed By: Realtyww Info

Listed On: 08/29/2024

Listing ID: GL11386756 View More Details

Description

Solid investment w/proven income potential and room for growth located in a highly desirable area walking distance from Jensen Elementary. 4 - 2 bed 2 bath units ideal to add to an investment portfolio or perfect a first-time investment. 100% occupied, solid long-term tenants who have been in place for 5-8 yrs. Potential Rent increases to $950-$975 per mo. totaling $3, 600 - $3, 850 per mo. starting Oct 2024 when leases become month-to-month. $42, 000+ invested in the property. Improvements include: repaired roof 2023, new paint and repairs for the entire 4-plex 23' and new exterior paint 24'. The AC exterior units have been cleaned 23', and the dryer exhaust roof vents have been cleaned. New exterior lights and cameras, adding value for tenants. New thermostats in Apt B and D, new washers and dryers Apt B and D and fully rehabbed Apt D. Current rents: Apt A $800, Apt B $750, Apt C $850 and Apt D $900. Situated on a street lined w/other 4-plexes, as new as 2015, indicating strong demand and profitability.

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Listed by: Nacole Ricks