Sunset Valley Apartments
1009 W Mahala Avenue Alton, TX 78573
1009 W Mahala Avenue, Alton, TX, 78573
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For Sale
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Gated community fourplex with two-bedroom units, fully leased.
Property Size3,600 SF
Price / SF$129.17
Days on Market673
Property Features for 1009 W Mahala Avenue
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2023
Listing Agency
HCH Realty
(956) 353-2401
Listed by
Cecilia Olivarez · License #686906
Source
Crexi
Added: Sep 14, 2024 Checked: Jul 17 at 7:13 am
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 HCH Realty
Investment Insights
Based on property information with market context.
The Sunset Valley Apartments Subdivision features fourplexes with two and three-bedroom floor plans. This fourplex offers a two-bedroom, two-bathroom layout with units measuring slightly over 900 square feet each. Located off Trosper Boulevard, the property provides convenient access to W Main Avenue and Alton Boulevard. Construction is complete, and all units are currently leased.
Key Highlights
- Fully leased fourplex providing immediate rental income.
- Gated community offering enhanced security.
- New construction (2023) minimizing potential maintenance issues.
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 | $45.0k | $12.49 |
| − OpEx | −$13.5k | −$3.75 |
| NOI | $31.5k | $8.74 |
3,600 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$449.7K
$393.5K – $524.7K
NOI $31,482 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$414.1K
$362.3K – $483.1K
NOI $28,985 @ 7.0% cap · market cap 6.23%
Theoretical Best
Hotel Hospitality
$2.71M
$2.37M – $3.16M
NOI $189,810 @ 7.0% cap · market cap 40.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Gated community fourplex with two-bedroom units, fully leased.
Where is this quadplex located?
The property is located at 1009 W Mahala Avenue Alton, TX.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Fully leased fourplex providing immediate rental income.; Gated community offering enhanced security.; New construction (2023) minimizing potential maintenance issues.
