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    BEDS
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    1/2 BATHS
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    $/SQFT

Listing Details

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MLS #
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Neighborhood
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Type
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Built
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County
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Area
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School Information

Elementary School
Middle School
High School
School District
Offered by Summus Realty

Description

Looking for a great multi family unit investment? Not many out there, but, this one is on the market. 11 Unit Apartment complex. All 1 bedroom, 1 Bath, living room, kitchen, walk in closet. Approx 456 sqft per unit, all individually metered for gas and electric. Owner pays water, trash. 7.4 cap rate. Great investment. Not shown on list: Unit 6 - $475, Unit 7 - $495, Unit 8 - $495, Unit 9 - $400. Unit 3 is rented at $575 thru Sec 8, so it clears a path to potentially rent all units at $575 as they are all the same sized units. Great future cash flow! Cap rate at $575 per unit is 9.9

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© 2021 Greater El Paso Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Mario Ayala Real Estate Group. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Greater El Paso Association of REALTORS®. Real estate listings held by brokerage firms other than Mario Ayala Real Estate Group are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing brokers. Data last updated: 2021-09-18T00:13:37.98.
www.mario-ayala.com/homes/118768486
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8701 Lawson Street El Paso, TX 79904

  • Price: $549,950
  • Status: Active
  • Updated: 68 min ago
  • MLS #: 848088
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Beds
0
Baths
0
½ Baths
0.34
Acres
5,595
SQFT
$98
$/SQFT
1958
Built
Neighborhood:
Del Norte Acres
County:
El Paso
Area:
El Paso
Elementary School:
Moye
Middle School:
Canyonh
High School:
Irvin
School District:
EL PASO
Property Description
Looking for a great multi family unit investment? Not many out there, but, this one is on the market. 11 Unit Apartment complex. All 1 bedroom, 1 Bath, living room, kitchen, walk in closet. Approx 456 sqft per unit, all individually metered for gas and electric. Owner pays water, trash. 7.4 cap rate. Great investment. Not shown on list: Unit 6 - $475, Unit 7 - $495, Unit 8 - $495, Unit 9 - $400. Unit 3 is rented at $575 thru Sec 8, so it clears a path to potentially rent all units at $575 as they are all the same sized units. Great future cash flow! Cap rate at $575 per unit is 9.9
Exterior Features

Apx Sqft Lot Land 14950.00 Construction Brick Veneer Lot Size 14950.00 Metering Individual ElectricIndividual Gas Other Structures None Parking 1 Space Per UnitOn Street Roof PitchedShingle

Interior Features

Appliances Included Free-Standing Gas Oven Carpet None Cooling Evaporative CoolingRefrigerated Flooring LaminateNo Carpet Heating Natural GasWall Unit(S)

Property Features

Amenities Some Landscaping Apx Yearly Taxes 8850.00 Buildings Total 1 Exemptions None Finance Considered CashConventional Flood Zone No Handicap Access No Income And Expenses Annual Gross Income 60720.00 Income And Expenses Annual Operating Expenses 14326.00 Income And Expenses Annual Utilities Expenses 3600.00 Lead Paint Discl Yes Listing Type Exclusive Right To Sell Miscellaneous No Sign Operating Expenses InsuranceTaxesUtilities Owner Pays SewerTrash CollectionWater Property Sub Type 9 Or More Units Rental Info Yearly Lease Sewer City Source Owner Provided Special Listing Conditions None Tax Year 2020 Tenant Pays ElectricityGas Units For Sale 11 Utilities All CityElectric AvailableNatural Gas Available Water City Zoning A2

Listing information © 2021 Greater El Paso Association of Realtors® MLS
Listing provided courtesy of Summus Realty.



© 2021 Greater El Paso Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Mario Ayala Real Estate Group. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Greater El Paso Association of REALTORS®. Real estate listings held by brokerage firms other than Mario Ayala Real Estate Group are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing brokers. Data last updated: 2021-09-18T00:13:37.98.
 
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Mario Ayala Real Estate Group
11351 James Watt Drive, Suite C-500
El Paso TX, 79936
Offered by Summus Realty