8701 Lawson Street, El Paso, Texas 79904

$549,950
5,595
SqFt
List Price
$549,950
Days on Market
156
MLS#
848088
Status
ACTIVE
Sq. Ft
5,595
Acres
0.34
Subdivision
Del Norte Acres
Year Built
1958

Property Description

Looking for a great multi family unit investment? Not many out there, but, this one is on the market. 11 Unit Apartment complex. All 1 bedroom, 1 Bath, living room, kitchen, walk in closet. Approx 456 sqft per unit, all individually metered for gas and electric. All Electric meters and breaker boxes in process of being upgraded. Owner pays water, trash. current rents bringing in a 5.7 cap rate (below market rents). Great investment. Unit 3 is rented at $575 thru Sec 8, so it clears a path to potentially renting all units at $575 as they are all the same sized units. Great future cash flow! Laundry room not being utilized. Potential income here as well. Cap rate at $575 per unit is 7.7

Additional Information

Taxes
$8,850
Roof
Pitched, Shingle
Flooring
Laminate, No Carpet
Construction
Brick Veneer
Amenities
Some Landscaping
Appliances
Free-Standing Gas Oven
Utilities
All City, Electric Available, Natural Gas Available
Cooling
Evaporative Cooling, Refrigerated
Heating
Natural Gas, Wall Unit(s)
Water
City
Sewer
City
School District
EL PASO
Elementary School
Moye
Middle School
Canyonh
High School
Irvin

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Summus Realty.