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3729 Fred Wilson Ave 14 Unit Apartment Building $675,000 ($48,214/Unit) 9.22% Cap Rate El Paso, TX 79904
INVESTMENT HIGHLIGHTS
- Busy area conveniently located near VA Medical Center, Walmart and retail and food establishments
- Apartments have provided consistent value over 20+ years
- Apartments are 400 sq. ft each
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.
PROPERTY FACTS
| Price | $675,000 | Building Class | C |
| Price Per Unit | $48,214 | Lot Size | 0.41 AC |
| Sale Type | Investment | Building Size | 6,812 SF |
| Cap Rate | 9.22% | 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 | $675,000 |
| Price Per Unit | $48,214 |
| Sale Type | Investment |
| Cap Rate | 9.22% |
| 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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Martinez Gustavo R
3729 Fred Wilson Ave
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