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9030 Betel DrEl Paso, TX 79907

240 Units, High Occupancy, Value-Add

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 240-unit apartment complex in El Paso, Texas, presents a compelling value-add opportunity with strong, stable cash flow. Located at 9030 South Betel Drive, El Paso County, TX 79907, this property boasts 168,768 net rentable square feet across 13 two-story buildings on a 10-acre lot. Built in 1982, the complex currently enjoys a 92% occupancy rate, comprising 96 one-bedroom and 144 two-bedroom units. Significant capital expenditures exceeding $600,000 have been invested since 2018, including new roofs, and 189 units have already undergone renovations. Amenities include two laundry centers, a pool, and a playground. The property benefits from El Paso's low 5% average vacancy rate, significantly below the national average, and limited new construction (755 units in the entire MSA pipeline). Strong historical collections demonstrate minimal bad debt. Value-add potential exists through upgrading the remaining 51 classic units, adding washer/dryer connections to 101 units, and increasing reserved parking options, including covered parking. El Paso's position as a major international trade hub and home to a large military base contributes to its economic resilience and strong rental demand. This property offers a compelling investment opportunity in a thriving, under-the-radar market. The permitted zoning is BC. Total square footage is 190,538.

Highlights

  • High-quality, newly renovated Class A office space.
  • Prime location in a thriving downtown area with excellent walkability and access to amenities.
  • Modern, efficient floor plans ideal for a variety of businesses.
  • Abundant natural light and stunning city views.
  • State-of-the-art building amenities including a fitness center and on-site parking.
  • Strong tenant roster with long-term leases.

Property Details for 9030 Betel Dr

Property type
Apartment buildings
Square Feet
190,538 SF
Year Built
1982
Buildings
13
Stories
2
Lot Size (sq. ft)
435,600 SF
Units
240

Location Insight

City
El Paso
County
El Paso
State
Texas
Latitude
31.7045016
Longitude
-106.3104942
9030 Betel Dr, El Paso, Texas

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9030 Betel Dr
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