Rare 8-unit income-producing property situated on approximately 3.90 acres in Canutillo, TX. The property includes a 2,604 sq. ft. main residence, 7 apartment units, and a detached 962 sq. ft. garage with additional income potential. Currently generating approximately $93,000 in annual gross rental income with a 6.2% gross cap rate based on the current asking price. Ideal for investors, owner-occupants, or 1031 exchange buyers seeking strong cash flow, acreage, and future value-add opportunities. Conveniently located with easy access to I-10, El Paso, and surrounding growth corridors. Buyer to verify all property details, zoning, and financial information.
Canutillo is located in Texas. Canutillo, Texas has a population of 6,393. Canutillo is more family-centric than the surrounding county with 52.84% of the households containing married families with children. The county average for households married with children is 33.08%.
The median household income in Canutillo, Texas is $35,685. The median household income for the surrounding county is $50,919 compared to the national median of $69,021. The median age of people living in Canutillo is 35 years.
The average high temperature in July is 94.8 degrees, with an average low temperature in January of 31.1 degrees. The average rainfall is approximately 10.1 inches per year, with 2.9 inches of snow per year.
