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915-587-4670
Real Estate Company
2314 Wyoming Avenue, El Paso, TX 79903
- $435,000
- 3,400
- SqFt
- List Price
- $435,000
- Price Change
- ▼ $15,000 1793776613
- Days on Site
- 0
- MLS#
- 948681
- Status
- ACTIVE
- Sq. Ft
- 3,400
- Acres
- 0.09
- Subdivision
- Cotton
- Year Built
- 1927
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. Six of seven... $4,100/month and One remodeled unit is vacant and ready to lease, with long-term tenants in place (up to 8 years). One remodeled unit is 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.
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Additional Information
- Taxes
- $7,999
- Stories
- 2
- Appliances
- Range Hood, Refrigerator, Gas Cooktop, Water Heater
- Heating
- 2+ Units, Heat Pump
- Sewer
- Public Sewer
- Elementary School
- Moreno
- Middle School
- Armendariz
- High School
- Austin
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Listing courtesy of Listing Agent: Randy Solis () from Listing Office: ClearView Realty.