Stewart Landing Apartments Listing Details & Market Data

2502 E Franklin Ave, Alton, TX 78573

  • For Sale Subject To Offer
  • 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

Contacts

broker

Jaxton Hoelting

Greg Brownd - Go-Getters Multifamily

(806) 316-9233

Location

Getting Around

  • Walk Score ®

    Car-Dependent (16)
  • Bike Score ®

    Somewhat Bikeable (30)
Powered by Walk Score ®
  • 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

  • Stars Drive-in

    1.50 miles

  • Applebee’s Grill + Bar

    2.13 miles

  • McDonald's

    2.15 miles

  • Chick-fil-A

    2.20 miles

  • Whataburger

    2.21 miles

  • Pollos Medina

    2.44 miles

  • Burger King

    2.94 miles

  • Burger King

    3.47 miles

  • Little Caesars

    3.54 miles

  • Container Taco Factory

    3.54 miles

  • Rafael Cantu Junior High School

    0.85 miles

  • Jessie Jensen Elementary School

    0.93 miles

  • Alton Elementary School

    1.44 miles

  • Olivero Garza Elementary School

    1.49 miles

  • Sharyland Pioneer High School

    1.85 miles

  • Sharyland North Junior High School

    1.94 miles

  • Donna Wernecke Elementary School

    2.03 miles

  • Midkiff Elementary School

    2.06 miles

  • Carl C. Waitz Elementary School

    2.22 miles

  • Arturo Cantu Elementary School

    2.25 miles

  • Little Shining Stars Daycare

    3.57 miles

Contact Listing Broker

broker

Jaxton Hoelting

Greg Brownd - Go-Getters Multifamily

(806) 316-9233