1008 Magoffin Ave - Apartments FOR SALE


El Paso, TX 79901- Downtown El Paso
$950,000 USD
512-669-6280
1008 Magoffin Ave, El Paso, TX for Sale
$950,000 USD
Apartments - FOR SALE
1/2
null | 10% Cap Rate

1008 Magoffin Ave
El Paso, TX 79901
Downtown El Paso


HIGHLIGHTS

  • Historic 1928 building
  • Prime El Paso location

OVERVIEW

This property presents an exceptional value-add opportunity, offering the potential to renovate and enhance the units, ultimately increasing rental income. With the ability ro revitalize and elevate the property, investors can capitalize on the burgeoning demand for upgraded and modernized multifamily units in the El Paso area. This prospect provides a promising pathway to elevate the property's value and maximize returns through strategi rehabilitation and rent adjustments.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$86 USD /SF

# OF UNITS

16

PRICE/UNIT

$59,375

CAP RATE

10%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Coty Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,041 SF

ZONING

A3

APN/PARCEL ID

M032-999-0010-1700

ASK ABOUT THIS PROPERTY

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512-669-6280

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512-669-6280

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