Multi-Family•Low-Rise/Garden•For Sale

The Doniphan Apartments

5151 Chromite , El Paso, Texas 79932

Sale Price $4,000,000
Sale Type Investment
Zoning A2
Bldg Type Multi-Tenant
Year Built 1974
Year Renovated 2000
Stories 2
Vacancy 95%
Gross Bldg 53,188 SqFt
Land Area 3.14 Acres
Ceiling Height 8.0 Ft
Project Size 77
Market West El Paso
Over $612,000 in potential rents, with less than 5% annual vacancy rate. Includes a laundry room that generates additional income. An opportunity to own luxurious Westside apartments, near the growing "Crossroads" intersection. Located at the corner of Doniphan Dr. and Graphite St. Minutes from Interstate 10. Many amenities nearby including schools, shopping, country clubs, and restaurants.
  • 58k a door
  • Below Market Rents
  • Opportunity for expense/utility offset
  • Historically low vacancy
9/13/2019 2:19:42 PM 9/15/2019 9:52:43 PM
Landry McKee
Associate Advisor
SVN | Fortune Real Estate

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