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 $900, Apt B $850, Apt C $900 & Apt D $900. Situated on a street lined w/other 4-plexes, as new as 2015, indicating strong demand & profitability.
For sale
Price cut: $5K (7/29)
$370,000
3115 E Diamondhead Ave, Alton, TX 78573
8beds
8baths
3,640sqft
Est.:
Quadruplex, Multi Family
Built in 2007
-- sqft lot
$-- Zestimate®
$102/sqft
$-- HOA
What's special
New exterior paintNew paintNew thermostatsNew exterior lightsNew washers and dryersRepaired roof
- 366 days
- on Zillow |
- 90 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: August 18, 2025 at 02:23pm
Listed by:
Nacole Ricks 956-207-0456,
Exp Realty Llc
Source: Greater McAllen AOR,MLS#: 446354
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air, Electric
Appliances
- Included: Electric Water Heater, Dryer, Other, Stove/Range, Washer
- Laundry: Laundry Room
Features
- Ceiling Fan(s), Other
- Flooring: Tile
- Windows: Double Pane Windows
Interior area
- Total structure area: 3,640
- Total interior livable area: 3,640 sqft
Property
Parking
- Total spaces: 4
- Parking features: Attached, Garage Faces Rear
- Carport spaces: 4
Features
- Exterior features: Mature Trees
- Fencing: None
Lot
- Size: 9,557.06 Square Feet
- Features: Curb & Gutters, Mature Trees, Professional Landscaping, Sidewalks
Details
- Additional structures: Outbuilding (None)
- Parcel number: E443500000002400
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Brick
- Foundation: Slab
- Roof: Shingle
Condition
- Year built: 2007
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Attic Fans
Community & HOA
Community
- Features: Curbs, Sidewalks
- Security: Smoke Detector(s)
- Subdivision: Villa Real Estates
HOA
- Has HOA: No
Location
- Region: Alton
Financial & listing details
- Price per square foot: $102/sqft
- Tax assessed value: $306,430
- Annual tax amount: $7,697
- Date on market: 8/27/2024
- Road surface type: Paved
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