158 Co Road 404 - Apartments FOR SALE


Pecos, TX 79772
$1,250,000 USD
432-386-3434
158 Co Road 404, Pecos, TX for Sale
$1,250,000 USD
Apartments - FOR SALE
1/23
null | 8% Cap Rate

158 Co Road 404
Pecos, TX 79772


HIGHLIGHTS

  • 7.66 Acres of Improved land Located in close proximity to Interstate 220 which is a major throughfare in the market.

OVERVIEW

Located in an Opportunity Zone this 7.66 Acre property is currently for sale it has an additional 19 unimproved Acres available as well. The property consists of 18 furnished rooms with a full time manger. Units: 3 Double Units and 15 Single Units. 2 Additional Units will be added this year increasing gross rent by 6000 per month. There is a laundry room, Two storage buildings and a Single wide office/home for the onsite Manager. The lodge sits on approximately 7.66 acres with room to expand. Power, water and sewer is available for any expansion. City water pumps 61 psi to the property. The Lodge is currently at a 8% Cap Rate. Financials available upon request.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$136 USD /SF

# OF UNITS

21

PRICE/UNIT

$59,524

CAP RATE

8%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ECCO LODGING

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

PARKING SPACES

21

LAND DETAILS

LAND ACRES

7.66 AC

LAND SF

333,670 SF

ZONING

NONE

APN/PARCEL ID

0006567

ASK ABOUT THIS PROPERTY

Carol MorrowForever West TexasMore Info
432-386-3434

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Carol MorrowForever West TexasMore Info
432-386-3434

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.