Share This Listing

Message

948 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

ECCO LODGING 158 Co Road 404 21 Unit Apartment Building $1,380,565 CAD ($65,741 CAD/Unit) 8% Cap Rate Pecos, TX 79772

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • 7.66 Acres of Improved land Located in close proximity to Interstate 220 which is a major throughfare in the market.
  • Full-time manager
  • 1.5 miles from I-20 business, 3 miles from I-20

EXECUTIVE SUMMARY

Announced May 29,2025, “We are very excited about Infinium choosing Reeves County as the site for the world’s largest eFuel producing plant,!” High pay Jobs. Located in an Opportunity Zone this 7.66 Acre property consists of 18 furnished rooms with a full time manger. Units: 3 Double Units and 15 Single Units. 2 Additional Units will be added this year increasing gross rent by 6000 per month. There is a laundry room, Two storage buildings and a Single wide office/home for the onsite Manager. The lodge sits on approximately 7.66 acres with room to expand. Power, water and sewer is available for any expansion. City water pumps 61 psi to the property. The Lodge is currently at a 8% Cap Rate. Financials available upon request.

FINANCIAL SUMMARY (ACTUAL - 2023)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $280,116 $30.38
Other Income - -
Vacancy Loss - -
Effective Gross Income $280,116 $30.38
Taxes - -
Operating Expenses - -
Total Expenses $140,638 $15.25
Net Operating Income $139,479 $15.13

FINANCIAL SUMMARY (ACTUAL - 2023)

Gross Rental Income (CAD)
Annual $280,116
Annual Per SF $30.38
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $280,116
Annual Per SF $30.38
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $140,638
Annual Per SF $15.25
Net Operating Income (CAD)
Annual $139,479
Annual Per SF $15.13

PROPERTY FACTS

Price $1,380,565 CAD
Price Per Unit $65,741 CAD
Sale Type Investment
Cap Rate 8%
Sale Conditions
Bulk/Portfolio Sale
  • Redevelopment Project
No. Units 21
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
Apartment Style Garden
Building Class C
Lot Size 7.66 AC
Building Size 9,220 SF
Average Occupancy 98%
No. Stories 1
Year Built 2017
Parking Ratio 2.28/1,000 SF
Opportunity Zone Yes
Zoning NONE - NO ZONING

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • High Speed Internet Access
  • Refrigerator

SITE AMENITIES

  • Laundry Facilities
  • Fiber Optic Internet

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2 3 $1,815 CAD -
1+1 15 $1,675 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0006567
Land Assessment
$6,310 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$6,310 CAD (2024)
  • Listing ID: 27481067

  • Date on Market: 2023-01-10

  • Last Updated:

  • Address: 158 Co Road 404, Pecos, TX 79772

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}