Asking Price:

$2,200,000

Asking Price/SF:

$54.85

Gross Income:

$327,900

Net Operating Income:

$247,940

Year Built:

1969

Max Space Available:

40,108

Types:

Real Estate For Sale
Multi-family

Building Status:

Established

Business Description

Best location in Town! Continental House Apartments is a 44
townhouse and apartment complex located on North Mesa Street
by Sunland in the beautiful and safe West Side of El Paso, TX
An Investor dream with a 11.27 Cap Rate
Amenities: Owner owned Laundry Facility, Pool, 24-Garages,
Playground, BBQ Grills and near Bus Stop. All units
have private patios or balconies and the 2 and 4 Bedrooms
Jumbos have double car garage attached.

Detailed Information

Facilities:

The subject is composed of 7 buildings. Number of Units: 44 (24-2 Bedroom / 1 1/2 Bath) (16-1 Bedroom / 1 Bath) (3-2 Bedroom Jumbos / 1 full, 3/4, and 1/2 Bath with 2 car garage) (1-4 Bedroom Jumbo /1 full, 3/4, and 1.2`Bath with 2 car garage) Net Rentable Area: 40,108 SF Average Unit Size: 912 SF Site Area: 1.694 Acres Construction Date: 1969 Occupancy: 100%

Current & Prior Use:

All apartments are currently leased.

Financing:

Financing Available for al types of buyers

Current Property Expenses

Manager $5,400 Labor $11,700 Taxes $23,568 Insurance $11,088 Water $16,200 Electric $6,576 Trash $2,820 Maintenance $17,100