Sunset Valley Apartments
For Sale
Contact for pricing
1009 W Mahala Avenue, Alton, TX 78573
Gated community fourplex with two-bedroom units, fully leased.
Property Size3,600 SF
Price / SF$129.17
Days on Market766
Property Features for 1009 W Mahala Avenue
General Information
Standard status
Active
Size
3,600 SF
Total Parking Spaces
8
Property subtype
Multifamily
Building Details
Year Built
2023
Buildings
2
Units
4
Listing Agency:
HCH Realty
Listed By:
Cecilia Olivarez · License #686906
(956) 353-2401
Source:
Crexi
Added: Sep 14, 2024
Changed: Oct 2
Last Checked: Oct 16 at 6:05AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,482
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,640
$629.6K
Cap Rate 7%
$449,743
$449.7K
Cap Rate 9%
$349,800
$349.8K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$50.5K $14.04/SF
− Vacancy
−$5.6K −$1.55/SF
EGI
$45.0K $12.49/SF
− OpEx
−$13.5K −$3.75/SF
NOI
$31.5K $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%
$629,640
Cap Rate 7%
$449,743
Cap Rate 9%
$349,800
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
822
Businesses Nearby
Explore this area
Business Placement
Demographics for 78573, TX
42,229
Population
13,339
Households
3.2
Avg Household Size
29
Median Age
15%
College-Educated
63%
High-School Grad
36.7 sq mi
ZIP Area
1,151
Density / Sq Mi
$51,185
Median Household Income
$27,730
Median Earnings
$909
Median Rent
$154,800
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
Frequently Asked Questions
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.
