1008 W Kohala Avenue Alton, TX 78574
New fourplex in Alton, Texas, fully leased and turn-key.
- Added:
- Jan 3, 2024
- Days on Market:
- 923
- Last Refresh:
- May 12 at 8:47 pm
Property Features for 1008 W Kohala Avenue
General Information
- Standard status
- Active
- Size
- 3,596 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2023
Listing office Coldwell Banker La Mansion
Listing date Jan 3, 2024
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker La Mansion
Investment Insights
Based on property information with market context.
Key Highlights
- Turn‑key investment property with four fully leased units, providing immediate cash flow.
- Brand new construction (2023) minimizing potential maintenance costs.
- Each unit features a desirable 2‑bedroom, 2‑bath layout appealing to a wide range of tenants.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.5k | $14.04 |
| − Vacancy | −$5.6k | −$1.55 |
| EGI | $44.9k | $12.49 |
| − OpEx | −$13.5k | −$3.75 |
| NOI | $31.4k | $8.74 |
