9030 Betel DrEl Paso, TX 79907

Property Details for 9030 Betel Dr

Year built

1982

Lot size

10.00 AC

Property size (Sq ft)

190,538 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.7045

Longitude

-106.31

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