El Paso, TX 79904

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.