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Coty Apartments 1008 Magoffin Ave 16 Unit Apartment Building $950,000 ($59,375/Unit) 10% Cap Rate El Paso, TX 79901
Investment Highlights
- Historic 1928 building
- Prime El Paso location
Executive Summary
This property presents an exceptional value-add opportunity, offering the potential to renovate and enhance the units, ultimately increasing rental income. With the ability ro revitalize and elevate the property, investors can capitalize on the burgeoning demand for upgraded and modernized multifamily units in the El Paso area. This prospect provides a promising pathway to elevate the property's value and maximize returns through strategi rehabilitation and rent adjustments.
Property Facts
| Price | $950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $59,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 10% | Building Size | 10,986 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | Cross Streets | Tays |
| Zoning | A3 - Medium Density Residential Districts - Apartment | ||
| Price | $950,000 |
| Price Per Unit | $59,375 |
| Sale Type | Investment |
| Cap Rate | 10% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 10,986 SF |
| No. Stories | 2 |
| Year Built | 1928 |
| Cross Streets | Tays |
| Zoning | A3 - Medium Density Residential Districts - Apartment |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | - |
1 1
Walk Score®
Very Walkable (84)
Property Taxes
| Parcel Number | M032-999-0010-1700 | Improvements Assessment | $638,856 |
| Land Assessment | $48,240 | Total Assessment | $687,096 |
Property Taxes
Parcel Number
M032-999-0010-1700
Land Assessment
$48,240
Improvements Assessment
$638,856
Total Assessment
$687,096
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Coty Apartments | 1008 Magoffin Ave
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