Michelle Smith - Coldwell Banker Legacy
4521 Apollo Avenue
El Paso, TX 79904

Description

23 unit property at 4521 Apollo, El Paso, Texas, 79904. The property includes four duplexes (8 units), three houses, and 12 mobile homes on individual mobile home lots. All of the mobile homes are owned by the Seller. The on-site manager occupies one of the mobile homes which rents for $600 per month. A statement of income and expense for the one-year period ending September 30, 2017 is available. The $92,774 Net Operating Income reflects a 12.73 cap rate on the sales price of $750,000. The total cash investment including estimated closing costs and loan fees is $197,345. The Cash-on- Cash return ($35,809.62) is 18.15% assuming financing of 75% LTV, 6% interest and a 15 year loan term.

Details

MLS#755964
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site75

Features

Story(s)0
ZoningRMH

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Area Information

StateTX
CountyEl Paso
CityEl Paso
Zip Code79904
AreaEl Paso
Listing VS Median (in 79904)
Price:
$750,000
low | high
Med:
$159,450
100% of Average
On Site:
75
low | high
Med:
174
43.103448275862% of Average
Listing Updated: 12/18/2018
MLS Number: 755964
Listing Provided By:
Noel Woodwell  of  EXIT West Realty