Description
Exceptional investment opportunity in the rapidly growing Horizon area. This well-maintained 8-unit apartment complex consists of four buildings situated on approximately one acre of fenced and gated land with ample on-site parking. Built in 2017 using quality construction materials, including granite countertops, laminate flooring, subway tiles, etc. The property features attractive zero-scaping for low-maintenance ownership. All eight units are separately metered and offer 2 bedrooms, 1 bathroom, and approximately 930 square feet each. The property is 100% occupied and generates approximately $115,000 in annual rental income. Utilities include city water and electricity, while each unit is served by its own septic system. The site includes its own ponding and offers additional upside with room to construct up to four more units, making this an outstanding value-add opportunity in one of the region's fastest-growing markets.
Details
| MLS # | 949018 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 92 |
| Listing Provided By | Team Juan Uribe | Fabian Uribe |
Features
| Story(s) | 1 |
|---|---|
| Zoning | Out of Area |
| Acreage | 0.95 |
Area Information
| State | TX |
|---|---|
| County | El Paso |
| City | El Paso |
| Zip Code | 79928 |
| Listing VS Median (in 79928) | |
Price: $1,290,000 low | high Med: $328,950 On site: 92 low | high Med: 718 | |
Market Activity 79928
Request a showing
Request a showing
Contact
Learn More About This Property
| State | TX |
|---|---|
| County | El Paso |
| City | El Paso |
| Zip Code | 79928 |
| Listing VS Median (in 79928) | |
Price: $1,290,000 low | high Med: $328,950 On site: 92 low | high Med: 718 | |