Central 5-plex - 100% Occupied!

Multi-Family for Sale
Catylist Listing ID: 30570099
Property Subtypes: Duplex/Fourplex
Number of Units: 5 Units
Building Size (RSF): 2,800 SF
Gross Land Area: 0.11 SF
Sale Price: $200,000
Unit Price: $40,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.3%
Last Updated: 3/16/2020

Overview / Comments

Fully Occupied and Centrally located 5-unit complex FOR SALE! This opportunity includes 4 residential apartments and 1 commercial storefront.
One 2-bedroom unit
Two 1-bedroom units
One Studio apartment
One Commercial Storefront

In 2016 Landlord completely replaced all electrical and plumbing, remodeled kitchens and bathrooms, and new appliances. In 2014 Landlord installed a new roof and evaporative coolers on all units. Maintenance obligations should be minimal.

While the property already cash-flows, there is room to push the rents up and make the investment even stronger!

Financials

Finance Data Year 2019
Potential Rental Income $30,300 (Annual)
Net Operating Income $16,600 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: El Paso
County: El Paso
Tax ID/APN: S65899900602400
Percent Occupied: 100%
Property Located Between: At Intersection of Hawkins and North Loop
Property Condition: Average
Number of Stories: 2
Year Built: 1950
Year Renovated: 2016
Heat Type: Natural Gas
Air Conditioning: Evaporative Cooler

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,307 125,176 275,349
Median Age: 35.78 36.6 34.74
Households: 5,613 43,860 91,700

Contact

Photograph of Listing Agent

Becca Tomlin McBroom

JMT Properties
Border CIE Member
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