10468 Monte Carlo PlSocorro, TX 79927

Property Details for 10468 Monte Carlo Pl

Year built

1985

Property size (Sq ft)

4,489 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a fully leased, six-unit apartment complex located at 10468 Montecarlo, Socorro, TX 79927. The property boasts a desirable 8% capitalization rate, offering immediate and consistent income. Built in 1985 and renovated in 2022, this Class C multifamily property comprises two, two-story buildings totaling 4,489 square feet on a 10,400 square foot lot. The property is zoned R1 and features six parking spaces. Currently operating at 100% occupancy, with the lease expiration date of January 22, 2025, this stabilized investment provides a strong return. The property's location in El Paso County offers convenient access to employment centers, public transportation, and local amenities, ensuring high tenant demand and retention. This well-maintained property requires minimal capital expenditures, making it an attractive option for investors seeking a low-maintenance, high-yield asset. The property's financial details and tenancy information are available upon request. This is a prime opportunity to acquire a stable, income-generating asset in a thriving El Paso neighborhood.

Location Insight

City

Socorro

County

El Paso

State

Texas

Latitude

31.6509

Longitude

-106.284

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