About 2609 E Israel Avenue
FULLY LEASED! HIGHLY MOTIVATED SELLER! VERY GOOD CASH FLOW! Start building your real estate portfolio with this brand-new, income producing four-plex property that's now available for sale! This property is located in a desirable and convenient neighborhood, with easy access to essential amenities, schools, shopping centers, and recreational facilities, making it an attractive option for those looking for a balanced lifestyle between urban convenience and residential tranquility. Whether you're an investor looking for a promising opportunity in the real estate market or a homebuyer searching for a comfortable and contemporary living space, this turnkey investment property with its uniform three-bedroom, two-bathroom layout presents an excellent chance to acquire a high-quality property with great potentials. Enjoy great cash-on-cash return, a strong DSCR ratio plus over $64,000 gross annual income. This property is performing and ready to generate passive income from day one.
Features of 2609 E Israel Avenue
| MLS® # | 480036 |
|---|---|
| Price | $510,000 |
| Square Footage | 4,032 |
| Acres | 0.26 |
| Year Built | 2024 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 2609 E Israel Avenue |
|---|---|
| Subdivision | Sunterra |
| City | Alton |
| County | Hidalgo |
| State | TX |
| Zip Code | 78573 |
Amenities
| Parking Spaces | 8 |
|---|---|
| Parking | Garage Faces Front |
| Is Waterfront | No |
| Has Pool | No |
| Laundry Features | Laundry Area |
| Community Amenities | Sidewalks, Street Lights |
Interior
| Interior Features | Ceiling Fan(s), Decorative/High Ceilings, Dryer, Walk-In Closet(s), Washer |
|---|---|
| Appliances | Electric Water Heater, Dryer, Refrigerator, Stove/Range-Electric Smooth, Washer |
| Heating | Electric |
| Cooling | Electric |
| Total # of Units | 4 |
| # of Buildings | 2 |
Exterior
| Exterior Features | None |
|---|---|
| Lot Description | Corner Lot, Sidewalks |
| Windows | Energy Features (Double Pane Windows) |
| Roof | Shingle |
| Construction | Brick |
| Foundation | Slab |
School Information
| District | Mission ISD |
|---|---|
| Elementary | Cantu |
| Middle | Mission Junior High |
| High | Mission H.S. |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| HOA Fees | $500 |
| HOA Fees Freq. | Annually |
| Gross Income | $62,400 |
| HOA Association | Yes |
Listing Details
| Agent | Lucy Lifambe |
|---|---|
| Office | Encore Fine Properties |
| Contact Info | 407-925-6646 |