UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,840 sqft
Price per Sqft $102
Subdivision Alexanders Add
MLS Listing ID 6015340
HOA Y/N No
Year Built 2005
Annual Tax Amount $9,185
Tax Year 2025
Lot Size 7,418 Sqft
Acres 0.1703
Property Sub-Type Quadruplex
Source actris
Property Description
growing Belton–Temple corridor of Central Texas. The property is 100% occupied
and has been consistently managed, offering in-place income with the potential for
future rent growth.
Each unit features an oversized approximately 1,200 SF floor plan, a highly desirable
characteristic within the submarket. The unit mix includes two 3-bed/2-bath units and
two 2-bed/1-bath units. Tenants are responsible for all utilities, helping limit operating
expenses. The property is in good condition with no known deferred maintenance
reported by ownership.
The property is offered at $495,000. Recent nearby 2–4 unit comparable sales indicate
higher pricing per unit and per square foot, suggesting the offering may be positioned
below current market levels. Current rental rates are below recent market activity,
providing a potential opportunity for rent adjustments over time, subject to market
conditions and lease terms.
The asset is located in a stable residential area near employment centers, retail
amenities, and a highly rated school district. Surrounding multifamily properties
demonstrate strong occupancy, and new multifamily supply in the immediate area is limited.
Location
State TX
County Bell
Interior
Interior Features No Interior Steps
Heating Central
Cooling Central Air
Flooring Laminate
Fireplace No
Appliance Built-In Electric Oven, Built-In Refrigerator
Exterior
Exterior Feature None
Fence None
Community Features None
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Waterfront Description None
View None
Roof Type Composition
Porch None
Building
Lot Description None
Faces South
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type See Remarks
New Construction No
Schools
Elementary Schools Southwest
Middle Schools South Belton
High Schools Belton
School District Belton Isd
Others
Pets Allowed Cats OK, Dogs OK
Special Listing Condition Standard
Pets Allowed Cats OK, Dogs OK
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