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1222 Giles Rd
El Paso, TX 79915
Gateway East Apartments · Multifamily Property For Sale
·
104 Units
PROPERTY FACTS
| No. Units | 104 | Building Size | 95,154 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1972 |
| Building Class | C | Parking Ratio | 2.21/1,000 SF |
| Lot Size | 6.84 AC | Cross Streets | Gateway East |
| Zoning | C1 | ||
| No. Units | 104 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.84 AC |
| Building Size | 95,154 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 2.21/1,000 SF |
| Cross Streets | Gateway East |
| Zoning | C1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Tile Floors
SITE AMENITIES
- Laundry Facilities
- Playground
- Property Manager on Site
- Laundry Service
ABOUT 1222 GILES RD , EL PASO, TX 79915
-Low Income Housing Tax Credit (LIHTC) property -Ability to increase rents an average of $118 per unit when the HUD 236 (e)(2) use agreement terminates in 2018 -Buyer may place new financing on the asset -High historical occupancy averaging 97%+ over the past three years -HAP contract covers 20 units eligible for mark-up-to-market in September 2018 -Well maintained asset built in 1972 and fully rehabbed in 2003 -Spacious one-, two-, three-, and four-bedroom units with a dishwasher, garbage disposal, and air conditioning -Community amenities include an on-site laundry facility, playground, basketball court, leasing office, and barbecue picnic area - Half a mile to Interstate 10, offering a quick transportation option throughout the city with direct access to Albuquerque, NM, to the north and San Antonio, TX to the southwest -Less than an eight minute walk to seven bus stops, with the closest being a one-minute walk - Less than five miles to Cielo Vista Mall and Bassett Place Mall with large retailers such as Walmart, Target, and Costco Wholesale -17 minute drive to El Paso Station, with Amtrak access to Dallas and San Antonio
PROPERTY TAXES
| Parcel Number | R183-999-0010-0900 | Improvements Assessment | $2,125,763 |
| Land Assessment | $372,185 | Total Assessment | $2,497,948 |
PROPERTY TAXES
