1500 Magruder St | El Paso, TX 79925
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- LoopNet Team
1500 Magruder St
El Paso, TX 79925
Luna Verde Apartments · Multifamily Property For Sale
·
297 Units
INVESTMENT HIGHLIGHTS
- Luna Verde offers a rare cash-flowing asset Day 1 with plenty of upside.
- Current ownership has invested over $1,900,000 on interior upgrades, renovating 200 of the units
- The Property is in the center of the city, next to I-10, offering easy access to both the West Side and East Side of town.
- The 297-unit property has two pools, a playground, and refrigerated AC units (a huge selling point in the market).
- Ownership has also invested another $320,000 in general common areas, including HVAC upgrades, office renovation, plumbing, and exterior work.
PROPERTY FACTS
| No. Units | 297 | Building Size | 214,003 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1978/2008 |
| Building Class | C | Parking Ratio | 1.5/1,000 SF |
| Lot Size | 9.47 AC | Cross Streets | Hughes Drive |
| Zoning | C4 | ||
| No. Units | 297 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 9.47 AC |
| Building Size | 214,003 SF |
| Average Occupancy | 93% |
| No. Stories | 3 |
| Year Built/Renovated | 1978/2008 |
| Parking Ratio | 1.5/1,000 SF |
| Cross Streets | Hughes Drive |
| Zoning | C4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Storage Space
- Heating
- Ceiling Fans
- Hardwood Floors
- High Speed Internet Access
- Oven
- Range
- Carpet
- Patio
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Clubhouse
- Laundry Facilities
- Pool
- Tennis Court
- Furnished Units Available
- Laundry Service
- Package Service
- Pet Play Area
- Online Services
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 24 | $770.00 | 449 |
| 1+1 | 144 | $822.00 | 608 |
PROPERTY TAXES
| Parcel Number | A765-999-002G-0582 | Improvements Assessment | $8,682,163 |
| Land Assessment | $742,837 | Total Assessment | $9,425,000 |
PROPERTY TAXES
Parcel Number
A765-999-002G-0582
Land Assessment
$742,837
Improvements Assessment
$8,682,163
Total Assessment
$9,425,000
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