New Alton Texas
For Sale
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1008 W Kohala Avenue, Alton, TX 78574
New fourplex in Alton, Texas, fully leased and turn-key.
Property Size3,596 SF
Price / SF$134.87
Days on Market1014
Property Features for 1008 W Kohala Avenue
General Information
Standard status
Active
Size
3,596 SF
Total Parking Spaces
2
Property subtype
Multifamily
Building Details
Year Built
2023
Buildings
2
Units
4
Listing Agency:
Coldwell Banker La Mansion
Listed By:
Cesar Felix
Source:
Crexi
Added: Jan 3, 2024
Changed: Oct 8
Last Checked: Oct 12 at 7:56PM
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
Investment Insights
Based on property information with market context.
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.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,447
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,940
$628.9K
Cap Rate 7%
$449,243
$449.2K
Cap Rate 9%
$349,411
$349.4K
Market Conditions
NOI Build-Up for 3,596 SF
Gross rent
$50.5K $14.04/SF
− Vacancy
−$5.6K −$1.55/SF
EGI
$44.9K $12.49/SF
− OpEx
−$13.5K −$3.75/SF
NOI
$31.4K $8.74/SF
Area
Hidalgo County, TX
Vacancy
11.02%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,940
Cap Rate 7%
$449,243
Cap Rate 9%
$349,411
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 78574, TX
63,627
Population
18,309
Households
3.5
Avg Household Size
28
Median Age
16%
College-Educated
58%
High-School Grad
51.9 sq mi
ZIP Area
1,226
Density / Sq Mi
$52,536
Median Household Income
$28,029
Median Earnings
$807
Median Rent
$119,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
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.
