El Presidente

Sweetwater, TX

Info For Buyers

Overview

Summary

  • Price Market
  • Address 1715 Hailey St, Sweetwater, TX 79556
  • # Units 40
  • Rentable SF 32,100 SF
  • Year Built 1978

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. 

Key Facts

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.

Team

Angel Flores

Managing Director
GREA
972.232.2325

Sean Scott

Managing Director
GREA
972.996.6233

Ryan Quaid

Associate Director
GREA
214.253.4660

Zack Del Medico

Associate Director
GREA
214.909.4936