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Listed by ClearView Realty

$ 435,000

Est. payment -/mo

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Active

2314 WYOMING AVE El Paso, TX 79903

3,400 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type House Plus Unit(s)

Listing Status Active

Purchase Type For Sale

Square Footage 3,400 sqft

Price per Sqft $127

Subdivision Cotton

MLS Listing ID 948681

Year Built 1927

Annual Tax Amount $7,999

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type House Plus Unit(s)

Source Greater El Paso Association of REALTORS®

Property Description

Value-add opportunity minutes from Downtown, UTEP and I-10! This 7-unit income property features a 3-bedroom main residence plus 6 rental units on one lot. Five of seven units are currently leased, producing $3,400/month, with long-term tenants in place (up to 8 years). Two remodeled units are vacant and ready to lease at $700/month, bringing projected income to $4,800/month when fully leased. At $435,000, that's about $62K per unit, well below recent per-unit sales of nearby 4-unit buildings. Room to add value by leasing the vacant units and bringing below-market $500 rents up to market over time. Close to shopping, dining, hospitals and entertainment, with strong rental demand. A great fit for investors looking to grow a portfolio with built-in upside. Rent roll available upon request. Buyer to verify all information.

Location

State TX

County El Paso

Community Cotton

Zoning C4

Interior

Heating 2+ Units, Heat Pump

Cooling Multi Units

Exterior

Parking Features On Street

Utilities Available All City

Roof Type Shingle

Building

Building Description Stucco, None

Sewer Public Sewer

Water City

Structure Type Stucco

Schools

Elementary Schools Moreno

Middle Schools Armendariz

High Schools Austin

Others

Tax ID B20299907702600

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/gepar/948681

Nearby Locations

Desiree Garcia

Agent

+1(915) 216-3857

2314 WYOMING AVE El Paso, TX 79903

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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2314 WYOMING AVE