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3729 Fred Wilson Ave 14 Unit Apartment Building $750,000 ($53,571/Unit) 8.30% Cap Rate El Paso, TX 79904
INVESTMENT HIGHLIGHTS
- Busy area conveniently located near VA Medical Center, Walmart and retail and food establishments
- Vacant lot next door zoned and ready for additional construction of apartments
- Apartments each have 400+ square footage
EXECUTIVE SUMMARY
Rare opportunity to buy 14-unit apartment building on desirable 18,000 square foot corner lot, with option to purchase adjacent vacant lot at 3737 Fred Wilson (zoned for construction of 10-unit building). Northeast corridor is one of the fastest expanding areas of El Paso and close to Fort Bliss. Smart investors will buy this property and the adjoining lot.
PROPERTY FACTS
| Price | $750,000 | Building Class | C |
| Price Per Unit | $53,571 | Lot Size | 0.41 AC |
| Sale Type | Investment | Building Size | 6,812 SF |
| Cap Rate | 8.30% | Average Occupancy | 85% |
| No. Units | 14 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Parking Ratio | 2.94/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | A2 - Commercial/Multifamily | ||
| Price | $750,000 |
| Price Per Unit | $53,571 |
| Sale Type | Investment |
| Cap Rate | 8.30% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 6,812 SF |
| Average Occupancy | 85% |
| No. Stories | 1 |
| Year Built | 1955 |
| Parking Ratio | 2.94/1,000 SF |
| Zoning | A2 - Commercial/Multifamily |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 14 | $550.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | L447-999-073A-2500 | Improvements Assessment | $550,020 |
| Land Assessment | $23,400 | Total Assessment | $573,420 |
PROPERTY TAXES
Parcel Number
L447-999-073A-2500
Land Assessment
$23,400
Improvements Assessment
$550,020
Total Assessment
$573,420
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Presented by
Martinez Gustavo R
3729 Fred Wilson Ave
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