9030 Betel Dr | El Paso, TX 79907
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9030 Betel Dr
El Paso, TX 79907
La Privada Apartments · Multifamily Property For Sale · 240 Units
Investment Highlights
- Stable cash flow, with attractive yield and cash-on-cash returns (projected to be in the double-digits)
- El Paso is one of the largest under-the-radar markets in the country (22nd largest city by population, outranks Portland, Las Vegas, and Memphis)
- Value-Add opportunity to push rents by $100 per month by renovating the remaining 51 classic units (at a cost of roughly $8,000 per unit).
PROPERTY FACTS
| No. Units | 240 | Building Size | 171,868 SF |
| Property Type | Multifamily | Average Occupancy | 91% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1982 |
| Building Class | B | Parking Ratio | 1.02/1,000 SF |
| Lot Size | 10.01 AC |
| No. Units | 240 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 10.01 AC |
| Building Size | 171,868 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built | 1982 |
| Parking Ratio | 1.02/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Refrigerator
- Walk-In Closets
- Deck
- Patio
- Window Coverings
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Playground
- Property Manager on Site
- Grill
- Laundry Service
- Pet Play Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 96 | - | 500 |
| 2+1 | 104 | - | 832 |
| 2+2 | 40 | - | 856 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $9,504,188 | |
| Land Assessment | $570,812 | Total Assessment | $10,075,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$570,812
Improvements Assessment
$9,504,188
Total Assessment
$10,075,000
zoning
| Zoning Code | A2 |
| A2 |
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