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Shary Landing 1300 S Yankton St 4 Unit Apartment Building £354,165 (£88,541/Unit) 7.89% Net Initial Yield Alton, TX 78573

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INVESTMENT HIGHLIGHTS

  • High Occupancy
  • Gated Multi Family Subdivision, Prime Location

EXECUTIVE SUMMARY

Modern Fourplexes for Sale – Gated Multifamily Community in Alton, TX
Price: $478,000 per Fourplex (4 doors)
Availability: 3 Fourplexes (12 doors total)
Year Built: 2023
Discover this rare investment opportunity in a modern, gated multifamily subdivision in Alton, Texas. Each fourplex showcases a contemporary, uniform façade and high-quality finishes throughout.
Each fourplex features:
• Front Units: 2 Bedrooms / 2 Bathrooms
• Back Units: 3 Bedrooms / 2 Bathrooms
• Open-Concept Layout with wood-like tile flooring throughout (no carpet)
• Custom Kitchens with large islands, quartz or granite countertops, and premium cabinetry (white or brown finishes depending on building)
• Stainless Steel Appliances: Refrigerator, stove, microwave, washer, and dryer included
• Spacious Bedrooms with large closets
• Primary Bathrooms feature a tiled shower with glass door and generous closet space
• Private Fenced Yards for all units (back units with grassed backyards, front units with grassed side yards)
• 8 Designated Carport Spaces per Fourplex
These properties are turnkey and income-producing, making them an ideal investment for buyers seeking immediate returns with minimal maintenance.
Offered at: $478,000 each (sold individually or as a bulk package of three).
Listing Agent is related to the Seller. Seller/LA is a licensed real estate agent in Texas. Text, Email or Call Today !

FINANCIAL SUMMARY (ACTUAL - 2025)

ANNUAL ANNUAL PER sq ft
Gross Rental Income £42,678 £10.53
Other Income - -
Vacancy Loss - -
Effective Gross Income £42,678 £10.53
Taxes £9,632 £2.38
Operating Expenses £5,787 £1.43
Total Expenses £15,419 £3.80
Net Operating Income £27,259 £6.72

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income
Annual £42,678
Annual Per sq ft £10.53
Other Income
Annual -
Annual Per sq ft -
Vacancy Loss
Annual -
Annual Per sq ft -
Effective Gross Income
Annual £42,678
Annual Per sq ft £10.53
Taxes
Annual £9,632
Annual Per sq ft £2.38
Operating Expenses
Annual £5,787
Annual Per sq ft £1.43
Total Expenses
Annual £15,419
Annual Per sq ft £3.80
Net Operating Income
Annual £27,259
Annual Per sq ft £6.72

PROPERTY FACTS

Price £354,165
Price Per Unit £88,541
Sale Type Investment
Yield 7.89%
No. Units 4
Property Type Build-to-Rent
Property Subtype Apartment
Apartment Style Townhome
Costar Property Class B
Total Plot Size 0.24 ac
Property Size 4,054 sq ft
Average Occupancy 100%
No. Floors 1
Year Built 2023
Parking Allocation 1.97/1,000 sq ft
Use Class Multi - Family - Multi Family Community

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Air Conditioning
  • Microwave
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Granite Countertops
  • Vaulted Ceiling
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Sprinkler System
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Wi-Fi
  • Yard
  • Dining Room
  • Double Pane Windows
  • Family Room
  • Framed Mirrors
  • Freezer
  • Instant Hot Water
  • Island Kitchen
  • Lawn
  • Window Coverings

SITE AMENITIES

  • Controlled Access
  • Fenced Lot
  • Gated

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT PCM sq ft
2+2 2 £833.55 949
3+2 2 £953.95 1,078
  • Listing ID: 30950811

  • Date on Market: 13/02/2024

  • Last Updated:

  • Address: 1300 S Yankton St, Alton, TX 78573

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