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158 Co Road 404 21 Unit Apartment Building $1,380,268 CAD ($65,727 CAD/Unit) 8% Cap Rate Pecos, TX 79772
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 |
$280,056
|
$30.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$280,056
|
$30.37
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$140,607
|
$15.25
|
| Net Operating Income |
$139,449
|
$15.12
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $280,056 |
| Annual Per SF | $30.37 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $280,056 |
| Annual Per SF | $30.37 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $140,607 |
| Annual Per SF | $15.25 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $139,449 |
| Annual Per SF | $15.12 |
Property Facts Under Contract
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 | $1,814 CAD | - |
| 1+1 | 15 | $1,675 CAD | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0020764 | Improvements Assessment | $0 CAD (2025) |
| Land Assessment | $961,488 CAD (2025) | Total Assessment | $961,488 CAD (2025) |
Property Taxes
Parcel Number
0020764
Land Assessment
$961,488 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$961,488 CAD (2025)
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158 Co Road 404
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