New Alton Fourplex For Sale

1308 Yankton Street, Alton, TX 78573

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For Sale

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Fourplex built in 2023, fully leased in Alton, Texas.

Type:Multifamily

Property size:

4,054 SF

Price / SF:

$115/SF

HighLights

Newly Constructed Fourplex (2023) - Modern construction minimizes maintenance.
Fully Leased - Immediate income generation.
Gated Community in Prime Location - Enhanced security and desirable location.
Sharyland ISD - Highly regarded school district.
Private Fenced Backyards for Each Unit - Adds significant value.
Includes Stainless Steel Appliances and Washer/Dryer - Increases rental desirability.

We can help!

Listing Contact

Bryanna Hernandez

Learn more

For Sale

Contact for pricing

Fourplex built in 2023, fully leased in Alton, Texas.

Type:Multifamily

Property size:

4,054 SF

Price / SF:

$115/SF

Added:: Nov 5, 2024
Days on Market:: 581
Last Refresh:: May 12 at 8:27 pm

Property Features for 1308 Yankton Street

General Information

Standard status: Active
Size: 4,054 SF
Property subtype: Multifamily

Building Details

Year Built: 2023

We can help!

Listing Contact

Bryanna Hernandez

Listing agent Bryanna Hernandez License #TREC # 0755547

Listing office Imperio Real Estate LLC

Listing date Nov 5, 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 Imperio Real Estate LLC

HighLights

Newly Constructed Fourplex (2023) - Modern construction minimizes maintenance.
Fully Leased - Immediate income generation.
Gated Community in Prime Location - Enhanced security and desirable location.
Sharyland ISD - Highly regarded school district.
Private Fenced Backyards for Each Unit - Adds significant value.
Includes Stainless Steel Appliances and Washer/Dryer - Increases rental desirability.

Overview

This fourplex, completed in 2023, is located within a new gated multi-family subdivision in Alton, Texas, within the Sharyland Independent School District. The property is situated in a prime location, offering convenient access to schools, restaurants, and shopping. Each unit features a modern, open-concept floor plan with wood-like tile throughout. The kitchens are equipped with custom cabinets, modern quartz countertops, and an island providing ample cabinet space. The units include spacious bedrooms with large closets, with the master bedroom featuring a large bathroom with a frameless glass shower and a large closet. Each unit has its own private fenced backyard. Stainless steel appliances, as well as a washer and dryer, are included. Carports are also included. The property is fully leased and offers an investment opportunity. The property size is 4,054 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$56.9k	$14.04
− Vacancy	−$6.3k	−$1.55
EGI	$50.6k	$12.49
− OpEx	−$15.2k	−$3.75
NOI	$35.5k	$8.74

4,054 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$506.5K

$443.2K – $590.9K (±1% cap)

NOI $35,452 @ 7.0% cap · market cap 7.56%

Second Best

Apartment 5plus

$466.3K

$408.0K – $544.0K (±1% cap)

NOI $32,641 @ 7.0% cap · market cap 6.96%

Theoretical Best

Hotel Hospitality

$3.05M

$2.67M – $3.56M (±1% cap)

NOI $213,747 @ 7.0% cap · market cap 45.58%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Quadplexes

Map

City: Alton
County: Hidalgo
State: Texas
Longitude: -98.325
Latitude: 26.2156

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For sale
Quadplexes
TX
Alton
78573
1308 Yankton Street

What type of property is this?

Quadplex - Fourplex built in 2023, fully leased in Alton, Texas.

Where is this quadplex located?

The property is located at 1308 Yankton Street Alton, TX.

What is the asking price?

The asking price for this property is $469,000.

What are key features of this property?

This property features: Newly Constructed Fourplex (2023) - Modern construction minimizes maintenance.; Fully Leased - Immediate income generation.; Gated Community in Prime Location - Enhanced security and desirable location.