1642 Lomaland Dr | El Paso, TX 79935
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1642 Lomaland Dr
El Paso, TX 79935
Lake Fairway Apartments · Multifamily Property For Sale · 256 Units
Investment Highlights
- The Property is consistently over 95% occupied and fully renovated units are achieving premiums of up to $393 for one-beds and $468 for two-beds.
- Lake Fairway is just a few minutes from two Walmart Supercenters, Eastgate Shopping Center, and Sprouts Supermarket.
- Lake Fairway has an attractive assumable Agency loan ($12,750,000 at 3.31%) with over 20 months left of Interest Only payments.
PROPERTY FACTS
| No. Units | 256 | Building Size | 149,440 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1978 |
| Building Class | B | Parking Ratio | 2.53/1,000 SF |
| Lot Size | 10.37 AC |
| No. Units | 256 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 10.37 AC |
| Building Size | 149,440 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 2.53/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Ceiling Fans
- Refrigerator
- Views
- Walk-In Closets
- Carpet
Site Amenities
- Fitness Center
- Laundry Facilities
- Picnic Area
- Playground
- Pool
- Grill
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 64 | $775.00 | 485 |
| 1+1 | 128 | $838.00 | 525 |
| 2+1 | 64 | $986.00 | 800 |
PROPERTY TAXES
| Parcel Number | C166-999-0020-0100 | Improvements Assessment | $3,923,609 |
| Land Assessment | $976,495 | Total Assessment | $4,900,104 |
PROPERTY TAXES
Parcel Number
C166-999-0020-0100
Land Assessment
$976,495
Improvements Assessment
$3,923,609
Total Assessment
$4,900,104
zoning
| Zoning Code | A2 |
| A2 |
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