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13620 Bachimba Dr 8 Unit Apartment Building $1,290,000 ($161,250/Unit) 8.91% Cap Rate El Paso, TX 79928
Executive Summary
Exceptional investment opportunity in the rapidly growing Horizon area. This well-maintained 8-unit apartment complex consists of four buildings situated on approximately one acre of fenced and gated land with ample on-site parking. Built in 2017 using quality construction materials, including granite countertops, laminate flooring, subway tiles, etc. The property features attractive zero-scaping for low-maintenance ownership. All eight units are separately metered and offer 2 bedrooms, 1 bathroom, and approximately 930 square feet each. The property is 100% occupied and generates approximately $115,000 in annual rental income. Utilities include city water and electricity, while each unit is served by its own septic system. The site includes its own ponding and offers additional upside with room to construct up to four more units, making this an outstanding value-add opportunity in one of the region's fastest-growing markets.
Property Facts
| Price | $1,290,000 | Building Class | C |
| Price Per Unit | $161,250 | Lot Size | 0.95 AC |
| Sale Type | Investment | Building Size | 7,348 SF |
| Cap Rate | 8.91% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2017 |
| Property Subtype | Apartment | Parking Ratio | 2.86/1,000 SF |
| Apartment Style | Garden |
| Price | $1,290,000 |
| Price Per Unit | $161,250 |
| Sale Type | Investment |
| Cap Rate | 8.91% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.95 AC |
| Building Size | 7,348 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2017 |
| Parking Ratio | 2.86/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | 930 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | C740-000-0070-0200 | Improvements Assessment | $664,248 |
| Land Assessment | $36,609 | Total Assessment | $700,857 |
Property Taxes
Parcel Number
C740-000-0070-0200
Land Assessment
$36,609
Improvements Assessment
$664,248
Total Assessment
$700,857
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13620 Bachimba Dr