ONLINE AUCTION October 14-16, 2024 | Friedman Real Estate, in conjunction with RI Marketplace, is pleased to offer the exclusive marketing and sale of El Paso Estates, a ±35-site mobile home park community situated in El Paso, Texas. The property is currently about 83% occupied, with an in-place NOI of roughly $172,000. There is significant potential for value enhancement due to the average lot rent being lower compared to competing parks in the area, which have an average occupancy rate of 95%. This presents an opportunity for a new owner to increase rents and introduce additional revenue streams. Additionally, the property is conveniently located near Ascarate Park (a 400-acre recreational area featuring sports fields, a lake, two pools, playgrounds, and an 18-hole golf course), downtown El Paso, the US-Mexico border, and El Paso International Airport.

El Paso, Texas, is a vibrant city located in the far western corner of the state, right on the border with Mexico. Known for its rich cultural heritage and warm, sunny climate, El Paso offers a unique blend of Texan and Mexican influences. The city boasts a diverse array of attractions, including historical landmarks, cultural festivals, and outdoor recreational opportunities, such as the scenic Franklin Mountains State Park. Strategically situated along major highways like I-10 and I-25, El Paso provides residents with easy access to both local amenities and cross-border commerce. This connectivity, coupled with its strong local economy and dynamic community, makes El Paso a thriving and engaging place to live.

Auctioneer
Lamar P. Fisher
Fisher Auction Company Inc.
License: 10344