1036 PALM DRIVE, ALAMO, TX 78516
Homes for sale in Alamo.
Homes for sale in 78516.
1036 Palm Drive
Alamo, TX 78516
List Price$499,000
Listing #486990
4,312
Square Feet
4
Number of Units
Multi-Unit Residential
Type
About This Property
Brand New Multi-Family in Alamo,TX with all 3bedroom/2bath units!Exceptional investment opportunity in a desirable subdivision just minutes from Expwy 83,top schools,shopping,and dining.These newly built fourplexes offer modern design,strong tenant appeal,and immediate cash flow.Each unit features a bright open-concept layout with wood-look tile flooring, a contemporary kitchen with custom cabinetry,quartz countertops,and spacious island providing ample storage and workspace.Bedrooms are generously sized with large closets,and the primary suites include a luxurious frameless glass shower and walk-in closet.Additional highlights include private fenced backyards for every unit,stainless steel appliances,in-unit washer and dryer, and covered carports.This is an outstanding opportunity for investors seeking a low maintenance,high-demand rental asset in a rapidly growing area.Don't miss your chance to own a premium multi-family property with long-term value and impressive rental potential.
Property Features
Location Information
County
Hidalgo
Directions
From Expressway 83 heading North on N Tower Rd. Go passed 495/Kansas Rd and the new subdivision will be on the East (Right) hand side.
Subdivision
Riverside Tower & 495 Subdivision Phase A
Interior Features
Interior
Ceiling Fan(s), Decorative/High Ceilings, Dryer, Microwave, Walk-In Closet(s), Washer
Appliances
Electric Water Heater, Water Heater (In Attic), Water Heater (Other Location), Dryer, Microwave, Refrigerator, Stove/Range, Washer
Heating
Central, Electric
Total Number of Units
4
Cooling
Central Air, Electric
Features
Sidewalks, Street Lights
Floors
Tile
Windows/Doors Description
Energy Features (Double Pane Windows)
Laundry
Laundry Closet
Exterior Features
Is New Construction
Yes
Garage Spaces
0
Construction
Stucco
Parking Spaces
8
Exterior
Sprinkler System
Fencing
Privacy, Wood
Foundation
Slab
Patio / Deck Description
Patio
Roof
Composition Shingle
Lot Description
Professional Landscaping, Sidewalks, Sprinkler System
Possession
Closing and Funding
Lot Size in Acres
0.239
Septic or Sewer
City Sewer
Lot Size in Sq. Ft.
10,399
Water
Public
Condition
New Construction
Security Features
Smoke Detector(s)
Buildings
Outbuilding (None)
Parking Description
No Garage
Road Description
Paved
School
Elementary School District
Donna ISD
Middle School
Sauceda
Elementary School
Salinas
High School
Donna North H.S.
Additional Information
Property Type
RI
Units in Complex
4
Property SubType
Quadruplex
Taxes
1
Year Built
2025
Tax Year
2025
APN
R33080A000001600
Square Feet Source
Blue Prints
Status
Active
Similar Listings
Mortgage Calculator
$2,329
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,798
Monthly Tax
$415
Monthly Insurance
$116
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Real Estate IDX Powered by iHomefinder