12879 BRET HARTE DRIVE, EL PASO, TX 79928

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12879 Bret Harte Drive

El Paso, TX 79928

Active

List Price$870,000

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Listing #943237

Commercial

Type

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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