16
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Listed by Cap Rate Real Estate Group
$600,000
Est. payment /mo
16,117 SqFt
Active
El Paso, TX 79904
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 16,117 sqft
Price per Sqft $37
Subdivision Maxwell
MLS Listing ID 936186
Annual Tax Amount $10,772
Lot Size 0.370 Acres
Acres 0.37
Source Greater El Paso Association of REALTORS®
Property Description
Rare opportunity to acquire a fully leased 9-unit apartment building in a tight Northeast El Paso submarket with proven rent growth and virtually no vacancy. Located in the heart of Angel's Triangle at 4709 Maxwell Ave, the property is surrounded by small multifamily assets experiencing rising rents and limited new competition.
This two-story garden-style complex features nine 2-bedroom units, on-site parking (4 striped spaces, 0.4 per unit), and a simple, easy-to-manage layout consistent with neighboring properties. The asset maintains 0.0% vacancy in a submarket where comparable properties report vacancy in the 15-17% range, underscoring its leasing strength and rent-growth potential.
In total, nearby rent comps account for 46 units and show consistent effective rent growth over the past 3-5 years with stable occupancy, indicating durable workforce housing demand.
This two-story garden-style complex features nine 2-bedroom units, on-site parking (4 striped spaces, 0.4 per unit), and a simple, easy-to-manage layout consistent with neighboring properties. The asset maintains 0.0% vacancy in a submarket where comparable properties report vacancy in the 15-17% range, underscoring its leasing strength and rent-growth potential.
In total, nearby rent comps account for 46 units and show consistent effective rent growth over the past 3-5 years with stable occupancy, indicating durable workforce housing demand.
Location
State TX
County El Paso
Community Maxwell
Zoning A2
Interior
Heating Electric, Floor Furnace
Fireplaces Number 15938
Fireplace Yes
Building
Story 2
Level or Stories 2
Others
Tax ID M16399900107800
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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