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26947773
26947777

2613 E Israel Ave, Alton, TX 78573 For Sale

CF
TX TX 718499, TX TX718499
Sovereign Real Estate & Investments LLC
Listed by Sovereign Real Estate & Investments LLC
$525,000
307 days on market
Updated 60 days ago

$10K TO BUYER!! 100% Leased New Construction 4-Plex

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,032
Net Rentable (SqFt) 4,032
Units 4
Cap Rate 8.74%
NOI $45,886
Occupancy 100%
Pro-Forma Cap Rate 8.74%
Pro-Forma NOI $45,886
Class B
Year Built 2024
Year Renovated 0
Buildings 2
Stories 1
Investment Type Stabilized
Sale Condition For sale by owner

Multifamily | 8.74% CAP | 4 Units

Marketing description

Discover a prime investment opportunity with this fully leased, brand-new four-plex, located in a rapidly growing area. Each unit is modernly designed and move-in ready, ensuring a steady cash flow from day one. Positioned near vibrant attractions, this property offers tenants easy access to dining, shopping, and entertainment, making it highly desirable and a smart addition to your portfolio. Don't miss out on this hassle-free, income-generating asset!

Investment highlights


1. Immediate Cash Flow

  • Since the property is fully leased, you start earning rental income right away, ensuring positive cash flow from day one.

2. Low Maintenance Costs

  • New construction means that the building, appliances, and systems are brand new, reducing the likelihood of costly repairs and maintenance. This translates to lower operating expenses in the initial years.

3. Depreciation Benefits

  • As a new construction property, you can take advantage of significant tax benefits through depreciation, potentially reducing your taxable income.

4. Appreciation Potential

  • New construction properties often appreciate faster, especially in growing markets. The modern amenities and energy-efficient features make these properties more desirable, contributing to value appreciation over time.

Listing Contacts

CF
TX TX 718499, TX TX718499
Sovereign Real Estate & Investments LLC
Listed by Sovereign Real Estate & Investments LLC

Valuation Calculator

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$45,886.00
$3,823.83/mo

Valuation Metrics

0
DSCR
8.74%
Cap Rate
8.74%
ROI

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Additional Information

Name
Cesar Felix
License
TX 718499
Brokerage
Paramount Commercial Real Estate
Brokerage Phone
9566482918
Title
Broker Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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