3115 Diamond Head Avenue

Alton TX 78573

3640 sq. ft.

9557.94 sq. ft.

Duplex

Currently for sale - view listing

Overview

Solid investment w/proven income potential & 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 & repairs for the entire 4-plex 23' & new exterior paint 24'. The AC exterior units have been cleaned 23', and the dryer exhaust roof vents have been cleaned. New exterior lights & cameras, adding value for tenants. New thermostats in Apt B & D, new washers & dryers Apt B & D & fully rehabbed Apt D. Current rents: Apt A $850, Apt B $800, Apt C $850 & Apt D $900. Situated on a street lined w/other 4-plexes, as new as 2015, indicating strong demand & profitability.

Features

4 carspaces

4 carport spaces

3640 sq. ft. floor area

9557.94 sq. ft. lot size

Duplex

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