New Alton Texas
1008 W Kohala Avenue, Alton, TX 78574
New fourplex in Alton, Texas, fully leased and turn-key.
Type:Multifamily
Property size:
3,596 SFPrice / SF:
$134/SF- Added:
- Jan 3, 2024
- Days on Market:
- 878
- 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 agent Cesar Felix
Listing office Coldwell Banker La Mansion
Listing date Jan 3, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker La Mansion
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.
- Stylish, open‑concept design with elegant, low‑maintenance tile flooring throughout.
- Each unit is fully equipped with appliances, adding value for tenants.
- Located in the thriving city of Alton, Texas, offering long‑term appreciation potential.
Overview
This new fourplex in Alton, Texas, presents a turn-key investment opportunity. The property features four fully leased units. Each unit includes 2 bedrooms and 2 full baths. The units feature an open-concept layout and tile flooring throughout. Each unit is equipped with appliances. The property offers potential for steady cash flow and long-term appreciation.
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 |
3,596 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$449.2K
$393.1K – $524.1K
NOI $31,447 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$413.6K
$361.9K – $482.6K
NOI $28,953 @ 7.0% cap · market cap 5.97%
Theoretical Best
Hotel Hospitality
$2.71M
$2.37M – $3.16M
NOI $189,599 @ 7.0% cap · market cap 39.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Map
- City
- Alton
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.4033
- Latitude
- 26.325
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - New fourplex in Alton, Texas, fully leased and turn-key.
Where is this quadplex located?
The property is located at 1008 W Kohala Avenue Alton, TX.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 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.
