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3815 Alameda Avenue
El Paso, TX 79905
Asking Price
$975K
Cap Rate
2.55%
Asset Type
Mobile-home-park
Class
Class B
What's Special
Mobile Home Park in Central El Paso, TX on SH20 <ul><li>22 mobile home pads with current 40% vacancy</li><li>Apartment strip with 8 units with 38% vacancy </li><li>825 sq ft Rock building in center of property that has been converted to 2 units that are vacant. Built in 1926</li><li>Church tenant generating $1,100/month ($13,200 annually). Built in 1953</li><li>Pro-forma NOI of $107,307 at stabilization</li><li>Significant value-add opportunity with below-market occupancy</li><li>Located on 0.99 acres in El Paso, TX</li></ul>
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NOI
$80,000
Cap Rate
8.21%
DSCR
1.38
Strong
Cash-on-Cash
7.56%
Monthly Payment
$4,823.768
Annual Cash Flow
$22,114.784