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    1008 Kohala Ave Mission, TX 78574

    For Sale
    $485,000

    Brand new 4-plex, fully leased, high ROI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a brand-new, four-unit apartment building located at 1008 W Kohala Avenue W in Alton, Texas, 78574. Completed in 2023, this property sits on a substantial 9,202.92 square foot lot and comprises two buildings. Each of the four units offers a desirable two-bedroom, two-bathroom layout, featuring tile flooring throughout. All units come fully equipped with appliances, adding significant value and convenience for tenants. Currently, all four units are leased, generating immediate rental income for the new owner. This makes it an ideal investment for experienced investors seeking a strong return on investment or for first-time buyers interested in house hacking or portfolio expansion. The property's location in the thriving city of Alton, Texas, offers excellent growth potential. The property is ready for immediate ownership and offers a turnkey investment opportunity with no immediate capital expenditures required. This is a rare chance to acquire a high-quality, income-producing multifamily property in a rapidly developing market. The property's modern construction and desirable features ensure strong tenant demand and long-term stability. Don't miss this chance to secure a profitable addition to your real estate portfolio.

    Property Features for 1008 Kohala Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2023
    Buildings
    2
    Units
    4

    HighLights

    • Brand‑new, four‑unit apartment building completed in 2023 at 1008 W Kohala Avenue W, Alton, TX 78574.
    • Situated on a 9,202.92 sq ft lot, comprised of two buildings.
    • Each of the four units features two bedrooms and two bathrooms with tile flooring and appliances.
    • All four units are currently leased, providing immediate rental income.
    • Turnkey investment opportunity with no immediate capital expenditures needed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3745717
    Latitude
    26.3395537

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    FAQs

    What type of property is this?
    Multifamily property - Brand new 4-plex, fully leased, high ROI.
    Where is this multifamily property located?
    The property is located at 1008 Kohala Ave Mission, 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: Brand-new, four-unit apartment building completed in 2023 at 1008 W Kohala Avenue W, Alton, TX 78574.; Situated on a 9,202.92 sq ft lot, comprised of two buildings.; Each of the four units features two bedrooms and two bathrooms with tile flooring and appliances.
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    Mission, TX 78574
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1008 Kohala Ave Mission, TX 78574
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