1500 Magruder St - Apartments FOR SALE
El Paso, TX 79925 |
1500 Magruder St
El Paso, TX 79925
HIGHLIGHTS
- Luna Verde offers a rare cash-flowing asset Day 1 with plenty of upside.
- The 297-unit property has two pools, a playground, and refrigerated AC units (a huge selling point in the market).
- Current ownership has invested over $1,900,000 on interior upgrades, renovating 200 of the units
- Ownership has also invested another $320,000 in general common areas, including HVAC upgrades, office renovation, plumbing, and exterior work.
- The Property is in the center of the city, next to I-10, offering easy access to both the West Side and East Side of town.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Luna Verde Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
214003
STORIES
3
YEAR BUILT
1978
PARKING SPACES
405
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
A765-999-002G-0582
