About 731 N Tower Road
Rare opportunity to own a high-income producing 20-unit property located directly on Tower Rd, a main thoroughfare just seconds from Expressway 83. This multifamily asset features exceptional quality construction, modern finishes, ample parking, and strong tenant retention. Currently delivering an 8% cap rate with upside potential to increase income even further. Situated in a highly visible and accessible location near commercial centers, this investment offers long-term growth and stability. Don't miss your chance to own one of the best-built properties in the area! All units are FULLY rented. This property also features a large office, perfect to convert into another rental space or to conduct business out of there.
Features of 731 N Tower Road
| MLS® # | 467850 |
|---|---|
| Price | $2,400,000 |
| Square Footage | 24,000 |
| Acres | 1.39 |
| Year Built | 2017 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 731 N Tower Road |
|---|---|
| Subdivision | Shea Estates |
| City | Alamo |
| County | Hidalgo |
| State | TX |
| Zip Code | 78516 |
Amenities
| Utilities | Cable Available |
|---|---|
| Parking Spaces | 40 |
| Parking | Detached |
| Is Waterfront | No |
| Has Pool | No |
| Laundry Features | Laundry Closet, Washer/Dryer Connection |
| Community Amenities | Sidewalks, Street Lights |
Interior
| Interior Features | Ceiling Fan(s), Dryer, Microwave, Split Bedrooms, Walk-In Closet(s), Washer |
|---|---|
| Appliances | Electric Water Heater, Water Heater (Laundry Room), Electric Cooktop, Refrigerator |
| Heating | Central |
| Cooling | Central Air |
| Total # of Units | 20 |
| # of Buildings | 9 |
Exterior
| Exterior Features | Sprinkler System |
|---|---|
| Lot Description | Alley, Sidewalks, Sprinkler System |
| Roof | Composition Shingle |
| Construction | Stone, Stucco |
| Foundation | Slab |
School Information
| District | PSJA ISD |
|---|---|
| Elementary | Santos Livas |
| Middle | Vela |
| High | PSJA Memorial H.S. |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| Property Insurance | $1,250 |
| Gross Income | $18,000 |
| HOA Association | No |
Listing Details
| Agent | Victor Fuentes |
|---|---|
| Office | BIG Realty |
| Contact Info | 956-432-1351 |