1101 Myrtle Ave - Apartments FOR SALE


El Paso, TX 79901- Downtown El Paso
$675,000 USD
512-669-6280
1101 Myrtle Ave, El Paso, TX for Sale
$675,000 USD
Apartments - FOR SALE
1/10
null | 8.15% Cap Rate

1101 Myrtle Ave
El Paso, TX 79901
Downtown El Paso


HIGHLIGHTS

  • Below Market Rents
  • 10 - 1 BR / 1 Bath units - 575 Sqft
  • Can implement RUBS system
  • All tenants MTM

OVERVIEW

Value Add Opportunity with Below Market Rents available in El Paso, Texas less than 10 minutes from UTEP. Ownership currently covers a majority of the Utilities with an opportunity to implement a RUBS system. This remarkable value-add multifamily property with below-market rents boasts a 7,107 SF building with 10 spacious units, ideal for the discerning low-rise/garden investor. Built in 1950 and zoned C-4, the property offers a valuable blend of classic charm and modern potential. Each unit is thoughtfully designed to provide comfort and convenience for residents, while the prime location ensures easy access to urban amenities and transportation. With its strong rental potential and strategic positioning within the vibrant El Paso area, this property represents a lucrative prospect for savvy multifamily investors seeking a high-performing asset in a thriving market.

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$105 USD /SF

# OF UNITS

10

PRICE/UNIT

$67,500

CAP RATE

8.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

C4H

APN/PARCEL ID

F607-999-0150-3600

ASK ABOUT THIS PROPERTY

James MorenoeXp CommercialMore Info
512-669-6280

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James MorenoeXp CommercialMore Info
512-669-6280

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