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    241 Chauvin Pl El Paso, TX 79928

    For Sale
    $495,000

    Three-unit mobile home park, excellent ROI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a three-unit mobile home park situated on land in El Paso, Texas, at 241 Chauvin Place, zip code 79928, within Horizon County. Currently available for sale at $495,000, this Class B property offers a mixed-use designation encompassing land, mobile home park, and multifamily residential components. The property functions as a single-family rental portfolio, also accommodating RV parking, making it a versatile investment. The property boasts 100% ownership, providing complete control and management capabilities. Located at 31.6899594 latitude and -106.1639634 longitude, this property presents a unique opportunity for investors seeking a diversified portfolio addition. While the cap rate is currently listed as 0%, the potential for strong returns is evident given the property's multiple income streams and the current market conditions in El Paso. This is a turnkey operation, ready for immediate income generation. The property's mixed-use zoning allows for flexibility in future development and expansion, further enhancing its long-term investment potential. Serious inquiries are encouraged to explore this promising investment opportunity.

    Property Features for 241 Chauvin Pl

    General Information

    Property type
    Multifamily properties
    Class
    B

    Building Details

    Units
    3
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    El Paso
    County
    Horizon
    State
    Texas
    Longitude
    -106.1639634
    Latitude
    31.6899594

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    FAQs

    What type of property is this?
    Multifamily property - Three-unit mobile home park, excellent ROI.
    Where is this multifamily property located?
    The property is located at 241 Chauvin Pl El Paso, TX.
    What is the asking price?
    The asking price for this property is $495,000.
    Request Owner's contact information
    241 Chauvin Pl El Paso, TX 79928
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    El Paso, TX 79928
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    241 Chauvin Pl El Paso, TX 79928
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