Contacts
Ryan Quaid
GREA
Sean Scott
GREA
Angel Flores
GREA
Zack Del Medico
GREA
Property Details
- Property Type Other
- Units 40
- Additional Rent Contact for pricing
- Year Built 1978
- Date Updated Nov 4, 2024
El Presidente Apartments is a partially renovated 40-unit apartment community located in the city of Sweetwater in Nolan County, TX, about 40 miles west of Abilene. The garden-style property was built in 1978, is situated on 1.68 acres, and is comprised of 4, two-story buildings with stucco siding and pitched roofs. 36 two-bedroom / one-bathroom units are offered, and the remaining units are one-bedroom floor plans. Laundry facilities are on-site. Interior amenities include updated vinyl plank flooring, kitchens equipped with a refrigerator and range with oven, and walk-in closets. The grounds are professionally maintained and feature an open courtyard with picnic areas and a variety of mature shade trees.
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Highlights
- Built in '78, owner-maintained with updated HVAC/appliances. Great investment opportunity at a favorable price point.
- Sweetwater, TX location thrives on wind energy, manufacturing, oil, Texas State Technical College support.
- 82% occupancy; potential growth via professional management, better marketing. Market rents could rise 10-15%.
- Out-of-town owner self-managed, lacks resources for optimal performance. New owner can maximize value and stability.
- High demand for affordable housing; property competitively priced in comparison to local alternatives.
Getting around
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33/100
Walk Score ®
-
31/100
Bike Score ®
Location
- City Sweetwater, TX
- Zip Code 79556
Points of Interest
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Valero
0.15 miles
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CEFCO
0.17 miles
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Shell
0.49 miles
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Alon
0.64 miles
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Murphy USA
1.57 miles
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Chevron
1.67 miles
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Tesla Supercharger
1.68 miles
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Phillips 66
1.75 miles
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Studio 6
1.33 miles
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La Quinta Inn & Suites
1.57 miles
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Hampton
1.63 miles
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Holiday Inn Express Sweetwater
1.65 miles
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Best Western Plus Sweetwater Inn & Suites
1.69 miles
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Quality Inn
1.71 miles
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Econo Lodge
1.72 miles
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Budget Inn
1.75 miles
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Ranch House Motel
1.84 miles
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Sweetwater Inn
1.96 miles
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Sears
0.46 miles
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Brookshire's
0.52 miles
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T&M Imports
1.16 miles
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Walmart Supercenter
1.45 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.