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34272072
34272078

2705 E FRANKLIN AVE, ALTON, TX 78573 For Sale

CF
TX TX 718499, TX TX718499
Sovereign Real Estate & Investments LLC
Listed by Sovereign Real Estate & Investments LLC
$473,000
10 days on market
Updated 10 days ago

2705 E Franklin Avenue

Details
APN S6063-02-000-0039-00
Property Type Multifamily
Square Footage 4,170
Units 4
Cap Rate 7.75%
NOI $36,660
Occupancy 100%
Tenancy Multi
Class B
Year Built 2018
Buildings 2
Stories 1
Lot Size (SqFt) 10,920
Parking Spaces 2 per unit
Investment Type Stabilized
Sale Condition For sale by owner

Multifamily | 7.75% CAP | 4 Units

Marketing description

100% Occupied & Cash-Flowing – Fully leased four-unit property generating immediate rental income from day one.

Desirable Unit Mix – Features two spacious 3-bedroom, 2-bath units and two 2-bedroom, 2-bath units, attracting a wide range of long-term tenants.

Well-Maintained Asset – Pride of ownership is evident throughout, making this a turnkey investment with minimal upfront capital improvements.

Ideal for Portfolio Growth – Located in the established Stewart Landing subdivision, this multifamily property is an excellent opportunity for both first-time investors and seasoned buyers looking to expand their real estate holdings.

Investment highlights

Exceptional opportunity to acquire a fully leased four-unit multifamily property in the established Stewart Landing subdivision. This well maintained asset offers an attractive unit mix of two 3 bedroom, 2 bath units and two 2 bedroom, 2 bath units, appealing to a broad tenant base.

The property provides immediate cash flow with stable occupancy and offers additional upside through future rental increases to market rates, creating the potential for enhanced returns. Whether you're a first-time multifamily investor seeking a turnkey asset or an experienced investor looking to expand your portfolio, this property presents a strong combination of current income and long-term appreciation potential.

Listing Contacts

CF
TX TX 718499, TX TX718499
Sovereign Real Estate & Investments LLC
Listed by Sovereign Real Estate & Investments LLC

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$36,660.00
$3,055.00/mo

Valuation Metrics

0
DSCR
7.75%
Cap Rate
7.75%
ROI

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Additional Information

Name
Cesar Felix
License
TX 718499
Brokerage
Paramount Commercial Real Estate
Brokerage Phone
9566482918
Title
Broker Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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