9030 Betel Dr El Paso, TX 79907
- Apartment buildings
- 190,538 SF
- 10.00 lot acres
Current Use by Public Records
- La Privada Apartments / Apartment Building / Apartment Complex
- America’s construction company / General Contractor / Service Establishment
Property Details for 9030 Betel Dr
- Year built
- 1982
- Lot size
- 10.00 lot acres
- Property size
- 190,538 SF
- Property type
- Apartment buildings
Description
This exceptional 240-unit apartment complex in El Paso, Texas, presents a compelling value-add opportunity with strong, stable cash flow. Located at 9030 South Betel Drive, El Paso County, TX 79907, this property boasts 168,768 net rentable square feet across 13 two-story buildings on a 10-acre lot. Built in 1982, the complex currently enjoys a 92% occupancy rate, comprising 96 one-bedroom and 144 two-bedroom units. Significant capital expenditures exceeding $600,000 have been invested since 2018, including new roofs, and 189 units have already undergone renovations. Amenities include two laundry centers, a pool, and a playground. The property benefits from El Paso's low 5% average vacancy rate, significantly below the national average, and limited new construction (755 units in the entire MSA pipeline). Strong historical collections demonstrate minimal bad debt. Value-add potential exists through upgrading the remaining 51 classic units, adding washer/dryer connections to 101 units, and increasing reserved parking options, including covered parking. El Paso's position as a major international trade hub and home to a large military base contributes to its economic resilience and strong rental demand. This property offers a compelling investment opportunity in a thriving, under-the-radar market. The permitted zoning is BC. Total square footage is 190,538.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- El Paso
- County
- El Paso
- State
- Texas
- Longitude
- -106.31
- Latitude
- 31.7045
