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Listed by Team Juan Uribe
$ 1,290,000
Est. payment /mo
New
El Paso, TX 79928
41,382 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 41,382 sqft
Price per Sqft $31
MLS Listing ID 949018
Lot Size 0.950 Acres
Acres 0.95
Source Greater El Paso Association of REALTORS®
Property Description
Exceptional investment opportunity in the rapidly growing Horizon area. This well-maintained 8-unit apartment complex consists of four buildings situated on approximately one acre of fenced and gated land with ample on-site parking. Built in 2017 using quality construction materials, including granite countertops, laminate flooring, subway tiles, etc. The property features attractive zero-scaping for low-maintenance ownership. All eight units are separately metered and offer 2 bedrooms, 1 bathroom, and approximately 930 square feet each. The property is 100% occupied and generates approximately $115,000 in annual rental income. Utilities include city water and electricity, while each unit is served by its own septic system. The site includes its own ponding and offers additional upside with room to construct up to four more units, making this an outstanding value-add opportunity in one of the region's fastest-growing markets.
Location
State TX
County El Paso
Zoning Out of Area
Interior
Heating See Remarks
Fireplaces Number 9999
Fireplace Yes
Exterior
Parking Features Unassigned
Utilities Available All City, All Utilities
Building
Story 1
Sewer Septic Tank
Water City
Level or Stories 1
Structure Type Masonite
Others
Tax ID C74000000700200
Acceptable Financing Cash, Conventional, Contract
Listing Terms Cash, Conventional, Contract
Virtual Tour https://www.propertypanorama.com/instaview/gepar/949018
