Skip To Content

    8701 Lawson Street

    El Paso, TX 79904
    • $549,950
    • STATUS: Active
    • ON SITE: 110 Days
    • MLS #: 848088
    $549,950
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,595
      SQFT
    • $98
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Offered by Summus Realty

    Description

    Looking for a great multi family unit investment? Not many out there, but, this one is on the market. 11 Unit Apartment complex. All 1 bedroom, 1 Bath, living room, kitchen, walk in closet. Approx 456 sqft per unit, all individually metered for gas and electric. All Electric meters and breaker boxes in process of being upgraded. Owner pays water, trash. current rents bringing in a 5.7 cap rate (below market rents). Great investment. Unit 3 is rented at $575 thru Sec 8, so it clears a path to potentially renting all units at $575 as they are all the same sized units. Great future cash flow! Laundry room not being utilized. Potential income here as well. Cap rate at $575 per unit is 7.7

    Monthly Payment Calculator



    © 2021 Greater El Paso Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Summus Realty. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Greater El Paso Association of REALTORS®. Real estate listings held by brokerage firms other than Summus Realty are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing brokers. Data last updated: 2021-10-16T00:13:37.123.
    www.summusrealty.com/homes/118768486
    Print Image

    8701 Lawson Street El Paso, TX 79904

    • Price: $549,950
    • Status: Active
    • MLS #: 848088
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    5,595
    SQFT
    $98
    $/SQFT
    1958
    Built
    Neighborhood:
    Del Norte Acres
    County:
    El Paso
    Area:
    El Paso
    Elementary School:
    Moye
    Middle School:
    Canyonh
    High School:
    Irvin
    School District:
    EL PASO
    Property Description
    Looking for a great multi family unit investment? Not many out there, but, this one is on the market. 11 Unit Apartment complex. All 1 bedroom, 1 Bath, living room, kitchen, walk in closet. Approx 456 sqft per unit, all individually metered for gas and electric. All Electric meters and breaker boxes in process of being upgraded. Owner pays water, trash. current rents bringing in a 5.7 cap rate (below market rents). Great investment. Unit 3 is rented at $575 thru Sec 8, so it clears a path to potentially renting all units at $575 as they are all the same sized units. Great future cash flow! Laundry room not being utilized. Potential income here as well. Cap rate at $575 per unit is 7.7
    Exterior Features

    Apx Sqft Lot Land 14950.00 Construction Brick Veneer Lot Size 14950.00 Metering Individual ElectricIndividual Gas Other Structures None Parking 1 Space Per UnitOn Street Roof PitchedShingle

    Interior Features

    Appliances Included Free-Standing Gas Oven Carpet None Cooling Evaporative CoolingRefrigerated Flooring LaminateNo Carpet Heating Natural GasWall Unit(S)

    Property Features

    Amenities Some Landscaping Apx Yearly Taxes 8850.00 Buildings Total 1 Exemptions None Finance Considered CashConventional Flood Zone No Handicap Access No Income And Expenses Annual Gross Income 61920.00 Income And Expenses Annual Operating Expenses 24613.00 Income And Expenses Annual Utilities Expenses 3600.00 Lead Paint Discl Yes Listing Type Exclusive Right To Sell Miscellaneous No Sign Operating Expenses InsuranceTaxesUtilities Owner Pays SewerTrash CollectionWater Property Sub Type 9 Or More Units Rental Info Yearly Lease Sewer City Source Owner Provided Special Listing Conditions None Tax Year 2020 Tenant Pays ElectricityGas Units For Sale 11 Utilities All CityElectric AvailableNatural Gas Available Water City Zoning A2

    Listing information © 2021 Greater El Paso Association of Realtors® MLS
    Listing provided courtesy of Summus Realty.



    © 2021 Greater El Paso Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Summus Realty. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Greater El Paso Association of REALTORS®. Real estate listings held by brokerage firms other than Summus Realty are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing brokers. Data last updated: 2021-10-16T00:13:37.123.
     
    https://bt-photos.global.ssl.fastly.net/elpaso/1280_boomver_1_848088-2.jpg https://bt-photos.global.ssl.fastly.net/elpaso/1280_boomver_1_848088-2.jpg https://bt-photos.global.ssl.fastly.net/elpaso/1280_boomver_1_848088-2.jpg
    Logo
    Summus Realty
    2077 N. Zaragoza, ste B205
    El Paso TX, 79938
    Offered by Summus Realty