New Four-Plex in
2805 E Israel Avenue, Alton, TX 78572
Fully leased four-plex with modern three-bedroom units.
Type:Multifamily
Property size:
4,319 SFPrice / SF:
$125/SF- Added:
- Nov 11, 2023
- Days on Market:
- 930
- Last Refresh:
- May 13 at 12:12 am
Property Features for 2805 E Israel Avenue
General Information
- Standard status
- Active
- Size
- 4,319 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2023
Listing agent Cesar Felix
Listing office Coldwell Banker La Mansion
Listing date Nov 11, 2023
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 Coldwell Banker La Mansion
HighLights
- Fully leased four‑plex providing immediate rental income.
- Brand new construction (2023) in the Sunterra subdivision.
- Each unit features a spacious 3‑bedroom, 2‑bathroom layout.
- Includes stainless steel appliances in all units.
- Located in a desirable neighborhood with convenient access to amenities.
- Ideal for investors or homebuyers seeking a modern living space.
Overview
This is a fully leased, brand-new four-plex property located in the new Sunterra subdivision. This modern residential building consists of four individual units, each featuring a spacious layout with three bedrooms and two bathrooms. It is suitable for families or individuals seeking ample living space. The property is located in a desirable and convenient neighborhood, with easy access to essential amenities, schools, shopping centers, and recreational facilities. This location offers a balanced lifestyle between urban convenience and residential tranquility. The four-plex, with its uniform three-bedroom, two-bathroom layout and included stainless steel appliances, presents an excellent chance to acquire a high-quality property with great potential. The property size is 4319 square feet.
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 | $60.6k | $14.04 |
| − Vacancy | −$6.7k | −$1.55 |
| EGI | $54.0k | $12.49 |
| − OpEx | −$16.2k | −$3.75 |
| NOI | $37.8k | $8.74 |
4,319 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$539.6K
$472.1K – $629.5K
NOI $37,769 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$496.8K
$434.7K – $579.6K
NOI $34,774 @ 7.0% cap · market cap 6.44%
Theoretical Best
Hotel Hospitality
$3.25M
$2.85M – $3.80M
NOI $227,719 @ 7.0% cap · market cap 42.18%
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
- -98.3913
- Latitude
- 26.3187
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fully leased four-plex with modern three-bedroom units.
Where is this quadplex located?
The property is located at 2805 E Israel Avenue Alton, TX.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Fully leased four‑plex providing immediate rental income.; Brand new construction (2023) in the Sunterra subdivision.; Each unit features a spacious **3‑bedroom, 2‑bathroom layout**.
