10468 Montecarlo Socorro, TX 79927

This exceptional investment opportunity presents a fully leased, six-unit apartment complex located at 10468 Montecarlo, Socorro, TX 79927. The property boasts a desirable 8% capitalization rate, offering immediate and consistent income. Built in 1985 and renovated in 2022, this Class C multifamily property comprises two, two-story buildings totaling 4,489 square feet on a 10,400 square foot lot. The property is zoned R1 and features six parking spaces. Currently operating at 100% occupancy, with the lease expiration date of January 22, 2025, this stabilized investment provides a strong return. The property's location in El Paso County offers convenient access to employment centers, public transportation, and local amenities, ensuring high tenant demand and retention. This well-maintained property requires minimal capital expenditures, making it an attractive option for investors seeking a low-maintenance, high-yield asset. The property's financial details and tenancy information are available upon request. This is a prime opportunity to acquire a stable, income-generating asset in a thriving El Paso neighborhood.