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2913 E Israel Avenue
Alton, TX 78573
Asking Price
$525K
Cap Rate
7.8%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Turnkey Fourplex in Sunterra Subdivision, Income in Place with Lease-Up Potential <p><span style="color: rgba(13, 13, 13, 1)">3 of 4 Units Leased Offering Immediate Income with Upside on Final Vacancy. All 3-Bedroom Layouts Support Strong Rental Demand. One-Year-Old Construction Reduces Maintenance and Near-Term Capex, Positioning the Asset as a Low-Maintenance Investment Opportunity.</span></p>
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NOI
$80,000
Cap Rate
15.24%
DSCR
2.57
Strong
Cash-on-Cash
31.00%
Monthly Payment
$2,597.414
Annual Cash Flow
$48,831.037
