For Sale
$599,999

2105 Murchison Dr El Paso, TX 79930

5-Unit Apartment Building, High NOI

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
Exceptional investment opportunity in El Paso, Texas. This Class A, 5-unit apartment building boasts a strong 9.60% capitalization rate and a current Net Operating Income (NOI) of $59,500. The property, located at 2105 Murchison Dr, El Paso, TX 79930, comprises two buildings on a 0.12-acre lot, with a total of 4,888 square feet. Built in 1910, the two-story structure is zoned R5 and features five units, currently showing a 90% occupancy rate. Four of the five units are occupied by active tenants. The pro-forma NOI also stands at $59,500, indicating consistent and reliable income generation. This multifamily property presents a compelling opportunity for investors seeking a core investment in apartments, offering both strong cash flow and potential for future appreciation. The property's convenient location and the existing tenant base contribute to its overall attractiveness. The property's APN is H453999021A3600. This is a turnkey investment ready for immediate income generation. Serious inquiries only.

Highlights

  • Recently renovated 5-unit multifamily investment opportunity in El Paso, TX.
  • Excellent location.

Property Details for 2105 Murchison Dr

Property type
Apartment buildings
Square Feet
4,888 SF
Class
A
Year Built
1910
Buildings
2
Stories
2
Lot Size (sq. ft)
5,227 SF
Units
5

Location Insight

City
El Paso
County
El Paso
State
Texas
Latitude
31.78324241
Longitude
-106.47313149

FAQs

What type of property is this?
Apartment building - 5-Unit Apartment Building, High NOI
Where is the apartment building located?
The property is located at 2105 Murchison Dr El Paso, TX.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Recently renovated 5-unit multifamily investment opportunity in El Paso, TX.; Excellent location.;
How can I contact the broker?
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2105 Murchison Dr
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