10468 Monte Carlo Pl - Apartments FOR SALE


El Paso, TX 79927
$490,000 USD
10468 Monte Carlo Pl, El Paso, TX for Sale
$490,000 USD
Apartments - FOR SALE
1/14
null | 8.47% Cap Rate

10468 Monte Carlo Pl
El Paso, TX 79927


OVERVIEW

Investment Opportunity: Fully Leased 6-Unit Apartment Complex with 8% Cap Rate Presenting 10468 Monte Carlo Pl, a fully leased 6-unit apartment complex in El Paso, TX, offering a solid 8% capitalization rate. This property provides investors with immediate and consistent income in a high-demand rental market. Property Highlights: Unit Composition: Six well-maintained residential units designed for tenant comfort. Occupancy: 100% leased, ensuring steady cash flow from the outset. Financials: Attractive 8% cap rate, reflecting strong income relative to property value. Maintenance: Proactively managed with recent improvements, minimizing future capital expenditures. Amenities: Ample parking and low-maintenance landscaping enhance tenant satisfaction. Location Benefits: Strategically located in a sought-after El Paso neighborhood, this property offers: Proximity to Employment Centers: Short commutes to major employers, increasing tenant retention. Access to Public Transportation: Convenient transit options attract a broad tenant base. Community Amenities: Nearby schools, parks, and shopping centers add to the location's appeal. Investment Summary: This property represents a compelling opportunity for investors seeking a stable, income-generating asset with a solid return on investment. The combination of full occupancy, a favorable cap rate, and a prime location positions this apartment complex as a valuable addition to any real estate portfolio. Note: Financial details and tenancy information are available upon request.

FOR SALE DETAILS

PRICE

$490,000 USD

PRICE/SF

$112 USD /SF

# OF UNITS

6

PRICE/UNIT

$81,667

CAP RATE

8.47%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,402 SF

ZONING

R1

APN/PARCEL ID

M750-000-0030-0090

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