2805 E Israel Avenue Alton, TX 78572
Fully leased four-plex with modern three-bedroom units.
- Added:
- Nov 11, 2023
- Days on Market:
- 976
- 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 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
Investment Insights
Based on property information with market context.
Key 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.
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 |
