Hamilton Point Investments Sells Forty649 North Hills Multifamily In El Paso For 342 Units
4649 Loma Del Sur Drive
Building Size
—
Asset Type
MultiFamily
Closing
Apr 1, 2026
AI
Forty649 North Hills is a multifamily asset located at 4649 Loma Del Sur Drive in El Paso, featuring a total of 342 units spread across 17.7 acres. The property, built in 2009, includes one- to three-bedroom units averaging 897 square feet and a variety of amenities such as a pool, fitness center, clubhouse, and dog park.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Address: 4649 Loma Del Sur Drive
- Market: El Paso
- Units: 342
- Acres: 17.7
- Seller: Hamilton Point Investments
- Broker Representatives: Steven Hahn Jr, Art Barnes, and William Jennings - JLL
The transaction involved JLL representing Hamilton Point Investments in the sale of the property. The identities of the buyer and the transaction price have not been disclosed.
Players
El Paso MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93