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Listed by Tru Realty Group
$ 870,000
Est. payment | /mo
20,037 SqFt
$ 870,000
Est. payment | /mo
20,037 SqFt
Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 20,037 sqft
Price per Sqft $43
Subdivision Sparks
MLS Listing ID 943237
Lot Size 0.460 Acres
Acres 0.46
Source Greater El Paso Association of REALTORS®
Property Description
Modern multifamily investment consisting of 3 duplexes (6 total units), each offering 2 bedrooms, 2 bathrooms, ~900 sq ft, private washer/dryer room, and exterior storage.
Built just 1 year ago, this property offers low maintenance and minimal capital expenditures. Fully occupied with strong in-place income of $82,800 annually. Owner pays only water and trash (~$2,880/year); all other utilities are tenant-paid.
Current NOI approx. $79,920, delivering a 9.2% cap rate. Lease expirations begin in July, providing upside potential--pro forma cap rate near 10% with rent increases.
Turnkey, cash-flowing asset with immediate income and growth potential.
Built just 1 year ago, this property offers low maintenance and minimal capital expenditures. Fully occupied with strong in-place income of $82,800 annually. Owner pays only water and trash (~$2,880/year); all other utilities are tenant-paid.
Current NOI approx. $79,920, delivering a 9.2% cap rate. Lease expirations begin in July, providing upside potential--pro forma cap rate near 10% with rent increases.
Turnkey, cash-flowing asset with immediate income and growth potential.
Location
State TX
County El Paso
Community Sparks
Zoning R1
Interior
Heating Central
Cooling Refrigerated
Fireplaces Number 20241
Fireplace Yes
Others
Tax ID S56200202901100
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/gepar/943237
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