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Duplex Development Property
For Sale
$258,000
Pending

1512 Cherry St, Pecos, TX 79772

Residential income property featuring three-bedroom, two-bath units within Pecos city limits.

Property Size2,254 SF
Days on Market922

Property Features for 1512 Cherry St

General Information

Standard status Pending
Size 2,254 SF
Property subtype Multi-Family

Additional Details

Average Monthly Rent $1,650

Building Details

Year Built 2018
Listing Agency: Hatchett & Co. Real Estate
Listed By: Paul Waddell
Source: Granburyhomefinder
Added: Apr 10, 2024 Changed: Oct 1 Last Checked: Oct 16 at 9:36AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hatchett & Co. Real Estate

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Investment Insights

Based on property information with market context.

This duplex property in Pecos includes units configured with three bedrooms and two bathrooms, each measuring 1,127 square feet. The improvements were built in 2018, and 14 duplexes are already on the ground with 32 remaining in the broader project described for the site.

The property is located at 1512 Cherry St within Pecos city limits. The city is identified as a regional housing hub serving the area before El Paso, with housing demand tied in the source information to recent oil discoveries.

Key Highlights

  • 14 duplexes already on the ground
  • 32 duplexes remaining in the project
  • Each unit has 3 bedrooms and 2 bathrooms

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Spa & Massage Center Auto Parts Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

254
Businesses Nearby

Demographics for 79772, TX

13,867
Population
4,766
Households
2.9
Avg Household Size
37
Median Age
7%
College-Educated
71%
High-School Grad
1,048.8 sq mi
ZIP Area
13
Density / Sq Mi
$56,541
Median Household Income
$32,629
Median Earnings
$986
Median Rent
$116,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Residential income property featuring three-bedroom, two-bath units within Pecos city limits.
Where is this duplex located?
The property is located at 1512 Cherry St Pecos, TX.
What is the asking price?
The asking price for this property is $258,000.
What are key features of this property?
This property features: 14 duplexes already on the ground; 32 duplexes remaining in the project; Each unit has 3 bedrooms and 2 bathrooms
More about this property
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