Apartments near Downtown El Paso on Myrtle

Multi-Family for Sale
Catylist Listing ID: 30611303
Property Subtypes: Duplex/Fourplex, Mixed Use
Number of Units: 5 Units
Building Size (RSF): 2,205 SF
Gross Land Area: 5,998 SF
Sale Price: $420,000
Unit Price: $84,000 Per Unit
Property Use Type: Investment, Business
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Average Occupancy Rate: 80
Last Updated: 8/31/2020

Overview / Comments

This property has 4 freestanding apartments - each only rents for $375.00. Rents are under market. Property also includes the corner commercial space that is currently vacant but usually rents for $1,000.00. All apartments are currently occupied. Do not disturb tenants.

Additional Details

Nearest MSA: El Paso
County: El Paso
Taxing Authority: El Paso
Tax ID/APN: F60799901804600
Zoning: C-4
Percent Occupied: 80%
Property Located Between: Myrtle Avenue and Noble Street
Site Description: This is a multi-family property with a commercial corner site
Total Number of Buildings: 5
Property Condition: Average
Number of Stories: 1
Year Built: 1926
Year Renovated: 1990
Roof Type: Hip
Construction/Siding: Brick
Exterior Description: Four separate apartment units with a freestanding commercial corner building for sale.
Parking Type: Other
Parking Description: Street parking
Sprinklers: None
Heat Type: Other
Heat Source: Other
Fuel: Other
Air Conditioning: Evaporative Cooler
Internet Access: Other
Interior Description: Each multi-family unit has two bedrooms, kitchen and one bathroom. Commercial building vacant and ready for occupancy.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,567 78,064 150,684
Median Age: 35.23 36.2 34.33
Households: 6,869 28,521 53,731

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