El Presidente
• Same Ownership for 10+ Years
• Attractive Basis with Operational Upside Through Lease-Up and Stabilization
• 36 out of 40 Units are 2-Bedrooms (90% Two-Bedroom Mix)
• Below Stabilized Occupancy with Immediate Value-Add Opportunity
• Within Commuting Distance of Abilene (180,000+ MSA Population)
• Double-Digit Cash-on-Cash Potential Over a Five-Year Hold
• Offered Free and Clear of Existing Debt
Property Description
The Multifamily Group is pleased to present the exclusive offering of El Presidente, a unique, value-add opportunity in Sweetwater, Texas. Constructed in 1977, the property consists of 40 units averaging 805 square feet. The property features one- and two-bedroom floor plans, with 36 of the units being two-bedrooms. It is currently 85% occupied, compared to a strong submarket occupancy rate of 99%. The El Presidente apartments are being offered free and clear of existing debt.
Location:El Presidente offers convenient access to I-20, the primary east-west corridor connecting West Texas to the Dallas-Fort Worth metroplex. The property benefits from strong visibility and accessibility, with steady traffic flow from both local residents and regional commuters. It is situated near several national and regional retailers, including Walmart, Dollar General, and Tractor Supply, as well as a variety of quick-service dining options. Additionally, the property is just minutes from downtown Sweetwater, where tenants can access local shops, restaurants, and community amenities. The area’s proximity to major employers in energy, manufacturing, and agriculture supports consistent housing demand. Sweetwater’s role as a regional hub, combined with ongoing economic activity tied to wind energy and industrial development, continues to drive long-term growth and stability in the market.
Broker Details
The Multifamily Group
972-379-9843
MLS ID: 0635789 State License Number: 0635789
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Property Types: | Apartment Buildings |
| No. of Units: | 40 |
| Average Occupancy: | 78 |
| Year Built: | 1975 |
| Building Size: | 32,200 Sq ft |
| Lot Size: | 1.68 Acres |
| No. of Stories: | 2 |
| APN: | 17772 |
| Opportunity Zone: | No |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Angel Flores | (817) 946-1458 | [email protected] |
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