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Shary Landing 1300 S Yankton St 4 Unit Apartment Building $641,146 CAD ($160,287 CAD/Unit) 8.04% Cap Rate Alton, TX 78573
Investment Highlights
- High Occupancy
- Gated Multi Family Subdivision, Prime Location
Executive Summary
Modern Fourplexes for Sale – Gated Multifamily Community in Alton, TX
Price: $469,000 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: $469,000 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 !
Price: $469,000 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: $469,000 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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$78,742
|
$19.42
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$78,742
|
$19.42
|
| Taxes |
$17,772
|
$4.38
|
| Operating Expenses |
$10,677
|
$2.63
|
| Total Expenses |
$28,448
|
$7.02
|
| Net Operating Income |
$50,294
|
$12.41
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $78,742 |
| Annual Per SF | $19.42 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $78,742 |
| Annual Per SF | $19.42 |
| Taxes (CAD) | |
|---|---|
| Annual | $17,772 |
| Annual Per SF | $4.38 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $10,677 |
| Annual Per SF | $2.63 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $28,448 |
| Annual Per SF | $7.02 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $50,294 |
| Annual Per SF | $12.41 |
Property Facts
| Price | $641,146 CAD | Building Class | B |
| Price Per Unit | $160,287 CAD | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 4,054 SF |
| Cap Rate | 8.04% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 0.08/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | Multi - Family - Multi Family Community | ||
| Price | $641,146 CAD |
| Price Per Unit | $160,287 CAD |
| Sale Type | Investment |
| Cap Rate | 8.04% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.24 AC |
| Building Size | 4,054 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2023 |
| Parking Ratio | 0.08/1,000 SF |
| Zoning | 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/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $1,538 CAD | 949 |
| 3+2 | 2 | $1,760 CAD | 1,078 |
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Property Taxes
| Parcel Numbers | Total Assessment | $1,435,813 CAD | |
| Land Assessment | $320,643 CAD | Annual Taxes | $17,772 CAD ($4.38 CAD/SF) |
| Improvements Assessment | $1,115,170 CAD | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$320,643 CAD
Improvements Assessment
$1,115,170 CAD
Total Assessment
$1,435,813 CAD
Annual Taxes
$17,772 CAD ($4.38 CAD/SF)
Tax Year
2025
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Videos
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Presented by
Daniela Perez
Shary Landing | 1300 S Yankton St
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