11 Apartments, El Paso, Tx, 79907 216 S Schutz Dr 11 Unit Apartment Building $925,000 ($84,091/Unit) 7.13% Cap Rate El Paso, TX 79907
INVESTMENT HIGHLIGHTS
- 11-Apartments, 100% Occupancy, Low vacancy rate
- Listing Agent will coooperate with Buyer's Agent
- Pride of Ownership
EXECUTIVE SUMMARY
11-UNIT APARTMENT COMPLEX, off Zaragoza near Speaking
Rock Casino. All Rented. Turn-key Deal. Close and and immediately
collect rents. $9250mo in rents. $111,000 Gross Scheduled Income.
6.6% Cap Rate. All 1-story located in 3 buildings. 8-units in Main
Building. All 2Br,1Ba. #9, a SFR, 2Br, 1Ba, rented, $1075mo. #11
also a SFR, rented $975mo. #10 is also a SFR, but it is the only 1Br,
1Ba, rented $600mo. 8 units in main building separately metered for
electric & gas. #10 pays electric only. Landlord pay electric for #9 &
#11. Landlord pays gas for 9,10,11. Landlord also pay water for all
units. Call Victor Vazquez, Broker-Assoc, Realty ONE Group,
Mendez-Burk, 915-584-7679
Rock Casino. All Rented. Turn-key Deal. Close and and immediately
collect rents. $9250mo in rents. $111,000 Gross Scheduled Income.
6.6% Cap Rate. All 1-story located in 3 buildings. 8-units in Main
Building. All 2Br,1Ba. #9, a SFR, 2Br, 1Ba, rented, $1075mo. #11
also a SFR, rented $975mo. #10 is also a SFR, but it is the only 1Br,
1Ba, rented $600mo. 8 units in main building separately metered for
electric & gas. #10 pays electric only. Landlord pay electric for #9 &
#11. Landlord pays gas for 9,10,11. Landlord also pay water for all
units. Call Victor Vazquez, Broker-Assoc, Realty ONE Group,
Mendez-Burk, 915-584-7679
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$111,000
|
$13.54
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$111,000
|
$13.54
|
| Taxes |
$18,017
|
$2.20
|
| Operating Expenses |
$25,708
|
$3.13
|
| Total Expenses |
$43,725
|
$5.33
|
| Net Operating Income |
$67,275
|
$8.20
|
PROPERTY FACTS
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Private Bathroom
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 10 | $950.00 | 736 - 870 |
| 1+1 | 1 | $600.00 | 716 |
1 of 1
PROPERTY TAXES
| Parcel Number | Y805-999-039B-1018 | Total Assessment | $546,680 (2023) |
| Land Assessment | $58,134 (2023) | Annual Taxes | $18,017 ($2.20/SF) |
| Improvements Assessment | $488,546 (2023) | Tax Year | 2024 |
ZONING
| Zoning Code | A2 (A-2 Apartment, Single-family detached dwellings Min 4,500 sf lot area; Two-Family dwellings, Min 6K sf lot area; Multi-family, Min 24K sf site,) |
