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Coty Apartments 1008 Magoffin Ave 16 Unit Apartment Building $1,324,775 CAD ($82,798 CAD/Unit) 10% Cap Rate El Paso, TX 79901
Investment Highlights
- Historic 1928 building
- Prime El Paso location
Executive Summary
This property presents an exceptional value-add opportunity, offering the potential to renovate and enhance the units, ultimately increasing rental income. With the ability ro revitalize and elevate the property, investors can capitalize on the burgeoning demand for upgraded and modernized multifamily units in the El Paso area. This prospect provides a promising pathway to elevate the property's value and maximize returns through strategi rehabilitation and rent adjustments.
Property Facts
| Price | $1,324,775 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $82,798 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 10% | Building Size | 10,986 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | Cross Streets | Tays |
| Zoning | A3 - Medium Density Residential Districts - Apartment | ||
| Price | $1,324,775 CAD |
| Price Per Unit | $82,798 CAD |
| Sale Type | Investment |
| Cap Rate | 10% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 10,986 SF |
| No. Stories | 2 |
| Year Built | 1928 |
| Cross Streets | Tays |
| Zoning | A3 - Medium Density Residential Districts - Apartment |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | M032-999-0010-1700 | Improvements Assessment | $890,885 CAD |
| Land Assessment | $67,271 CAD | Total Assessment | $958,155 CAD |
Property Taxes
Parcel Number
M032-999-0010-1700
Land Assessment
$67,271 CAD
Improvements Assessment
$890,885 CAD
Total Assessment
$958,155 CAD
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Coty Apartments | 1008 Magoffin Ave
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