12879 BRET HARTE DRIVE, EL PASO, TX 79928
Homes for sale in El Paso.
Homes for sale in 79928.
12879 Bret Harte Drive
El Paso, TX 79928
List Price$870,000
Listing #943237
About This Property
Modern multifamily investment consisting of 3 duplexes (6 total units), each offering 2 bedrooms, 2 bathrooms, ~900 sq ft, private washer/dryer room, and exterior storage. Built just 1 year ago, this property offers low maintenance and minimal capital expenditures. Fully occupied with strong in-place income of $82,800 annually. Owner pays only water and trash (~$2,880/year); all other utilities are tenant-paid. Current NOI approx. $79,920, delivering a 9.2% cap rate. Lease expirations begin in July, providing upside potential--pro forma cap rate near 10% with rent increases. Turnkey, cash-flowing asset with immediate income and growth potential.
Property Features
Location Information
County
El Paso
Longitude
-106.242694
Latitude
31.681227
Subdivision
Sparks
Interior Features
Has Fireplace
Yes
Cooling
Refrigerated
Heating
Central
Exterior Features
Stories
0
Zoning
R1
Lot Size in Acres
0.46
Flood Zone
No
Lot Size in Sq. Ft.
20,037
Additional Information
Property Type
COM
Tax Year
0
Similar Listings
Mortgage Calculator
$4,063
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$3,135
Monthly Tax
$725
Monthly Insurance
$203
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
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