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10468 Monte Carlo Pl 6 Unit Apartment Building $490,000 ($81,667/Unit) 8.47% Cap Rate El Paso, TX 79927
EXECUTIVE SUMMARY
Investment Opportunity: Fully Leased 6-Unit Apartment Complex with 8% Cap Rate
Presenting 10468 Monte Carlo Pl, a fully leased 6-unit apartment complex in El Paso, TX, offering a solid 8% capitalization rate. This property provides investors with immediate and consistent income in a high-demand rental market.
Property Highlights:
Unit Composition: Six well-maintained residential units designed for tenant comfort.
Occupancy: 100% leased, ensuring steady cash flow from the outset.
Financials: Attractive 8% cap rate, reflecting strong income relative to property value.
Maintenance: Proactively managed with recent improvements, minimizing future capital expenditures.
Amenities: Ample parking and low-maintenance landscaping enhance tenant satisfaction.
Location Benefits:
Strategically located in a sought-after El Paso neighborhood, this property offers:
Proximity to Employment Centers: Short commutes to major employers, increasing tenant retention.
Access to Public Transportation: Convenient transit options attract a broad tenant base.
Community Amenities: Nearby schools, parks, and shopping centers add to the location's appeal.
Investment Summary:
This property represents a compelling opportunity for investors seeking a stable, income-generating asset with a solid return on investment. The combination of full occupancy, a favorable cap rate, and a prime location positions this apartment complex as a valuable addition to any real estate portfolio.
Note: Financial details and tenancy information are available upon request.
Presenting 10468 Monte Carlo Pl, a fully leased 6-unit apartment complex in El Paso, TX, offering a solid 8% capitalization rate. This property provides investors with immediate and consistent income in a high-demand rental market.
Property Highlights:
Unit Composition: Six well-maintained residential units designed for tenant comfort.
Occupancy: 100% leased, ensuring steady cash flow from the outset.
Financials: Attractive 8% cap rate, reflecting strong income relative to property value.
Maintenance: Proactively managed with recent improvements, minimizing future capital expenditures.
Amenities: Ample parking and low-maintenance landscaping enhance tenant satisfaction.
Location Benefits:
Strategically located in a sought-after El Paso neighborhood, this property offers:
Proximity to Employment Centers: Short commutes to major employers, increasing tenant retention.
Access to Public Transportation: Convenient transit options attract a broad tenant base.
Community Amenities: Nearby schools, parks, and shopping centers add to the location's appeal.
Investment Summary:
This property represents a compelling opportunity for investors seeking a stable, income-generating asset with a solid return on investment. The combination of full occupancy, a favorable cap rate, and a prime location positions this apartment complex as a valuable addition to any real estate portfolio.
Note: Financial details and tenancy information are available upon request.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $490,000 | Apartment Style | Low-Rise |
| Price Per Unit | $81,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 8.47% | Building Size | 4,361 SF |
| Gross Rent Multiplier | 7.5 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1985/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.38/1,000 SF |
| Zoning | R1 | ||
| Price | $490,000 |
| Price Per Unit | $81,667 |
| Sale Type | Investment |
| Cap Rate | 8.47% |
| Gross Rent Multiplier | 7.5 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 4,361 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1985/2024 |
| Parking Ratio | 1.38/1,000 SF |
| Zoning | R1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Recycling
- Walk-Up
- Smoke Detector
1 1
PROPERTY TAXES
| Parcel Number | M750-000-0030-0090 | Improvements Assessment | $380,596 (2025) |
| Land Assessment | $14,872 (2025) | Total Assessment | $395,468 (2025) |
PROPERTY TAXES
Parcel Number
M750-000-0030-0090
Land Assessment
$14,872 (2025)
Improvements Assessment
$380,596 (2025)
Total Assessment
$395,468 (2025)
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10468 Monte Carlo Pl
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