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.
For sale
$2,400,000
731 N Tower Rd, Alamo, TX 78516
6beds
5baths
24,000sqft
Est.:
Apartment, Multi Family
Built in 2017
-- sqft lot
$-- Zestimate®
$100/sqft
$-- HOA
What's special
Modern finishesExceptional quality constructionAmple parkingMain thoroughfare
- 10 days
- on Zillow |
- 77 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: April 21, 2025 at 12:10pm
Listed by:
Victor Fuentes 956-432-1351,
Big Realty
Source: Greater McAllen AOR,MLS#: 467850
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air
Appliances
- Included: Electric Water Heater, Water Heater (Laundry Room), Electric Cooktop, Refrigerator
- Laundry: Laundry Closet, Washer/Dryer Connection
Features
- Ceiling Fan(s), Split Bedrooms, Walk-In Closet(s)
- Flooring: Porcelain Tile, Tile
Interior area
- Total structure area: 24,000
- Total interior livable area: 24,000 sqft
Video & virtual tour
Property
Parking
- Total spaces: 40
- Parking features: Detached
- Carport spaces: 40
Features
- Patio & porch: Patio, Patio Slab
- Exterior features: Sprinkler System
- Fencing: Decorative Metal
Lot
- Size: 1.39 Acres
- Features: Alley, Sidewalks, Sprinkler System
Details
- Additional structures: Office
- Parcel number: S309000000000100
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment, Multi Family
Materials
- Stone, Stucco
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 2017
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Green energy
- Energy efficient items: None, Other, Thermostat
Community & HOA
Community
- Features: Sidewalks, Street Lights
- Subdivision: Shea Estates
HOA
- Has HOA: No
Location
- Region: Alamo
Financial & listing details
- Price per square foot: $100/sqft
- Tax assessed value: $1,141,760
- Annual tax amount: $35,000
- Date on market: 4/15/2025
- Road surface type: Paved
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