Stewart Landing Apartments

For Sale

2502 E Franklin Ave, Alton, TX 78573

This Alton property for sale is located at 2502 E Franklin Ave. The current listed sale price for Stewart Landing Apartments is Subject To Offer. Stewart Landing Apartments is situated on a lot that is 21,942 acre in size.

Contacts

broker

Jaxton Hoelting

Greg Brownd - Go-Getters Multifamily

(806) 316-9233

Property Details

  • Property Type Multi-Family
  • Property Size 15,200 SF
  • Units 9
  • Lot Size 21,942 Acre
  • Year Built 2018
  • Date Updated Mar 26, 2024
Steward landing resides Alton, TX, located in the Rio Grande Valley of South Texas. Alton has a population of apx. 18,860 which has increased 301% in the past 19 years. Several large employers such as South Texas College and University of Texas Pan - American are located within a 5-10 minute drive from the property. Alton is also proximate to three major highways: SH 107, U.S. Highway 281 and U.S. Highway 83, which is a driver for the population increase over the years.Stewart Landing is a 9 unit, 2018 vintage property that consists of three bedroom units. The units contain over 1200 square feet of space including two bathrooms per unit and also a private backyard space. A new buyer has the opportunity to acquire a newly constructed asset that already has covered parking for each unit allowing new ownership to grow the NOI by implementing a charge for covered parking. Other opportunities include starting to bill back for the water/sewer/trash bill - like similar newer built properties in the area . The 3 bedroom townhome style units offer desirable features similar to what you would see in a modern day home.

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Highlights

  • Easy Value add opportunities requiring limited capital
  • Large 3 Bedroom floorplans with added amenities
  • Convenient location with access to major highways
  • Strong Yield on Cost going in

Getting around

  • 16/100

    Walk Score ®

  • 30/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Alton, TX
  • Neighborhood Alton
  • Zip Code 78573
  • Market McAllen

Points of Interest

  • H-E-B Fuel

    2.24 miles

  • El Tigre

    2.56 miles

  • Valero

    3.30 miles

  • Exxon

    3.55 miles

  • Sunoco

    3.65 miles

  • Murphy USA

    3.85 miles

  • H-E-B Fuel

    3.97 miles

  • Sam's Club

    4.39 miles

  • Exxon

    4.50 miles

  • H-E-B Fuel

    4.55 miles

  • Visitor Bus Parking

    4.74 miles

  • E35

    6.89 miles

  • Q1

    7.19 miles

  • O

    7.20 miles

  • E39

    7.21 miles

  • E8

    7.22 miles

  • P

    7.25 miles

  • B1

    7.25 miles

  • C

    7.37 miles

  • D

    7.41 miles

  • Hampton Inn & Suites Mission

    5.54 miles

  • Executive Inn & Suites

    5.55 miles

  • Home2 Suites McAllen

    5.60 miles

  • Cambria Hotel McAllen Convention Center

    5.68 miles

  • La Quinta Inn & Suites by Wyndham Mission at West McAllen

    5.74 miles

  • La Quinta Inn & Suites by Wyndham McAllen Convention Center

    5.75 miles

  • Embassy Suites McAllen Convention Center

    5.82 miles

  • Hawthorn Suites by Wyndham McAllen

    5.86 miles

  • Casa De Palmas, Trademark Collection by Wyndham

    6.12 miles

  • SpringHill Suites by Marriott McAllen Convention Center

    6.13 miles

  • Walmart Supercenter

    2.02 miles

  • H-E-B

    2.35 miles

  • Target

    3.25 miles

  • Walmart Supercenter

    3.69 miles

  • Walmart Neighborhood Market

    3.71 miles

  • H-E-B

    4.01 miles

  • H-E-B

    4.54 miles

  • Walmart Neighborhood Market

    4.58 miles

  • H-E-B

    4.62 miles

  • Sprouts Farmers Market

    4.62 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Jaxton Hoelting

Greg Brownd - Go-Getters Multifamily

(806) 316-9233