3119 Frutas Ave - Apartments FOR SALE


El Paso, TX 79905- Durazno
$600,000 USD
806-777-4459
3119 Frutas Ave, El Paso, TX for Sale
$600,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

3119 Frutas Ave
El Paso, TX 79905
Durazno


HIGHLIGHTS

  • Opportunity to Upgrade Classic Units
  • Regularly Maintained CAPEX
  • 94.0% submarket occupancy
  • 6.0% submarket YoY rent growth

OVERVIEW

The Go-Getters Multifamily team is pleased to present the exclusive listing of the Frutas Apartments in El Paso, TX. This 16 unit complex is comprised of 14 two-bedroom units, 1 three-bedroom unit and 1 efficiency unit across two buildings. Regular maintenance and upgrades have kept the property in shape including the upgraded parking lot, appliances and more. Additional investment in upgrading the classic units can lead to capitalizing on rental increases. This asset appeals to the investor looking to acquire at a good basis or expand upon an existing portfolio. The Frutas Apartments are strategically located in Central El Paso only 0.25 miles from Interstate-10 giving it easy access to businesses, schools and universities across the city. The apartments are also less than 1.0 mile away from the nearest elementary and high schools as well as 4.0 miles from the University of Texas at El Paso (UTEP). The Central El Paso submarket has seen 6.0% YoY rent growth and has a current market occupancy of 94.0% for conventional units (ALN Data).

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$69 USD /SF

# OF UNITS

16

PRICE/UNIT

$37,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

M1

APN/PARCEL ID

E014-999-0300-1100

ASK ABOUT THIS PROPERTY

Greg BrowndGo-Getters - MultifamilyMore Info
806-777-4459

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Greg BrowndGo-Getters - MultifamilyMore Info
806-777-4459

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