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    4403 Faye Ave Monahans, TX 79756

    For Sale
    $400,000

    Six-unit rental property with RV spaces.

    Property size:
    640 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional investment property in Monahans, Texas, presents a lucrative opportunity. Situated on a spacious 1.03-acre corner lot with convenient access to Interstate 20, this property boasts six income-producing rental units, all currently leased, generating a potential monthly income of $4,500. Each unit offers comfortable living with two bedrooms and two full bathrooms, complete with kitchens including refrigerators, and convenient washer and dryer connections. Low-maintenance landscaping minimizes upkeep. Adding to the income potential are eight vacant RV spaces on the property, ready for immediate lease. The property's 640 square feet per unit provides ample space for tenants. The strategic location near Interstate 20 ensures high visibility and accessibility, making it an attractive option for both residents and travelers. This turnkey investment offers a strong return on investment with its consistent rental income and additional revenue potential from the RV spaces. The property's current occupancy and established rental income stream make it an ideal addition to any investment portfolio. Don't miss this chance to acquire a well-maintained, high-yield commercial property in a thriving Texas location.

    Property Features for 4403 Faye Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    640 SF
    Lot Size
    44,867 SF

    Building Details

    Year Built
    2017
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Hair Salon Clothing Store Building Supply Auto Repair Shop Wholesale Shop Hotel & Motel Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monahans
    County
    Ward
    State
    Texas
    Longitude
    -102.8953
    Latitude
    31.54888

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    FAQs

    What type of property is this?
    Commercial real estate - Six-unit rental property with RV spaces.
    Where is this commercial real estate located?
    The property is located at 4403 Faye Ave Monahans, TX.
    What is the asking price?
    The asking price for this property is $400,000.
    (432) 618-1818
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4403 Faye Ave Monahans, TX 79756
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