El Presidente
40 Units Built in 1977 in Sweetwater, TX
Marketing description
The Multifamily Group is pleased to present the exclusive offering of El Presidente, a unique, val-
ue-add opportunity in Sweetwater, Texas. Constructed in 1977, the property consists of 40 units aver-
aging 805 square feet. The property features one- and two-bedroom floor plans, with 36 of the units
being two-bedrooms. It is currently 78% 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 nation-
al 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.
Investment highlights
• 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
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