38 Units in Northeast El Paso, Texas

Multi-Family for Sale
Catylist Listing ID: 30565710
Property Subtypes: Low-Rise/Garden
Number of Units: 38 Units
Building Size (RSF): 24,001 SF
Gross Land Area: 1.15 Acres
Sale Price: $1,459,042
Unit Price: $38,395.84 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/31/2020

Overview / Comments

This property consists of 38 Units; all are one-bedroom and one bath. It is located in Northeast El Paso, right off the Gateway, turn right on Sunrise Avenue. This property has a gross income of $10,375 monthly. The owner of this complex has a total of 96 units consisting of three properties: 8740 Gateway North (48 Units), 4425 Sunrise (38 Units), and 4421 Sunrise (10 units) , which are all listed for sale. The P&L reflected in the attached documents is for all units combined. The P&L Does not reflect property taxes. The CAP Rate is based on expenses that need to be verified since all expenses are combined at this point. Net Income will be revised once individual property expenses are received.

Additional Details

Nearest MSA: El Paso
County: El Paso
Tax ID/APN: D36199900500500
Zoning: A2
Percent Occupied: 85%
Total Number of Buildings: 3
Property Condition: Good
Number of Stories: 1
Year Built: 1962
Parking Type: Structure
Total Parking Spaces: 57

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,735 72,000 174,480
Median Age: 30.24 31.25 32.78
Households: 5,401 24,482 59,411

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