Overview
Description
This property offers significant potential, making it an excellent addition to any investment portfolio. With strong cash flow prospects and the opportunity for further growth, it presents a solid financial opportunity. The property consists of five units, including four studio apartments and one three-bedroom unit. Additionally, the spacious basement, which spans over 1,000 square feet, provides further possibilities for expansion or rental income. Conveniently located near UTEP and downtown, this well-maintained property is ideally positioned for both tenants and long-term growth.
Property Id: 265972
Price: $ 359,000
Property Lot Size: 1 ac
TaxAnnualAmount: 3967
InternetConsumerCommentYN: 1
CoListOfficeKey: 20180223164208544652000000
InternetAutomatedValuationDisplayYN: 1
StreetNumberNumeric: 501
ContractStatusChangeDate: 2025-05-28
ListAgentFullName: Hector Arroyo
InternetAddressDisplayYN: 1
OnMarketDate: 2025-05-28
InternetEntireListingDisplayYN: 1
CoListAgentFullName: Rosario Carrasco-Arroyo
HighSchoolDistrict: El Paso
ListAgentLastName: Arroyo
Cooling: Evaporative Cooling,Window Unit(s)
CumulativeDaysOnMarket: 183
TenantPays: All Utilities
CoListOfficeEmail: rosarioarroyo@elpasorealestateconsultants.com
ListingAgreement: Exclusive Right To Sell
ElementarySchool: Lamar
ListAgentFirstName: Hector
MajorChangeType: Status Change
LotSizeUnits: Acres
TaxLegalDescription: 42 ALEXANDRER W 40 FT OF 18 TO 20 & W 40 FT OF S 12 OF 17 (3600 SQ FT)
CoListOfficeName: Real Estate Consulting Firm
LotSizeSquareFeet: 36154.8
MiddleOrJuniorSchool: Wiggs
ListingId: 913046
CoListAgentFirstName: Rosario
YearBuilt: 1925
MobileWidth: 5
SourceSystemName: Greater El Paso Association of REALTORS®
SourceSystemKey: 20241128010845138600000000
StateOrProvince: TX
CoListAgentLastName: Carrasco-Arroyo
ListOfficeName: Real Estate Consulting Firm
CoListOfficeURL: http://www.elpasorealestateconsultants.com
SpecialListingConditions: Lead Paint Hazard
OriginatingSystemKey: 20241128010845138600000000
PhotosCount: 18
ListingTerms: Conventional,FHA
LockBoxType: None
CoListAgentMlsId: 3534
BuildingAreaTotal: 2968
OriginatingSystemName: Greater El Paso Association of REALTORS®
Sewer: Public Sewer
BuildingFeatures: None
ListingContractDate: 2024-11-27
StreetSuffix: Drive
CoListOfficeMlsId: 1654
OriginatingSystemID: M00000595
StreetNumber: 501
StreetName: Cliff
ListOfficeMlsId: 1654
MobileLength: 1
HighSchool: Elpaso
MlsStatus: Active
Roof: Composition
LotSizeArea: 0.83
SourceSystemID: M00000595
ParcelNumber: A46299904206600
ListAgentMlsId: 799511078
ParkingFeatures: On Street
Zoning: R1
TaxYear: 2024
Heating: Forced Air,Natural Gas
StreetDirPrefix: E
ConstructionMaterials: Stucco
DaysOnMarket: 183
ParkingTotal: 1
Flooring: Laminate,Wood
WaterSource: City
Contract_sp_Information_co_List_sp_Price2: 359000
Contract_sp_Information_co_List_sp_PriceSqFt: 120.96
Contract_sp_Information_co_Listing_sp_Type: Exclusive Right To Sell
Location_sp_Tax_sp_Legal_co_Zoning2: R1
Location_sp_Tax_sp_Legal_co_Middle_sp_School: Wiggs
Location_sp_Tax_sp_Legal_co_High_sp_School: Elpaso
Location_sp_Tax_sp_Legal_co_Tax_sp_Year2: 2024
Location_sp_Tax_sp_Legal_co_Parcel_sp_ID: A46299904206600
Location_sp_Tax_sp_Legal_co_Legal2: 42 ALEXANDRER W 40 FT OF 18 TO 20 & W 40 FT OF S 12 OF 17 (3600 SQ FT)
General_sp_Property_sp_Info_co_Apx_sp_Acres2: 0.83
General_sp_Property_sp_Info_co_Total_sp_Units: 5
General_sp_Property_sp_Info_co_Flood_sp_Zone3: No
Remarks_sp_Misc_co_Public_sp_Remarks2: This property offers significant potential, making it an excellent addition to any investment portfolio. With strong cash flow prospects and the opportunity for further growth, it presents a solid financial opportunity. The property consists of five units, including four studio apartments and one three-bedroom unit. Additionally, the spacious basement, which spans over 1,000 square feet, provides further possibilities for expansion or rental income. Conveniently located near UTEP and downtown, this well-maintained property is ideally positioned for both tenants and long-term growth.
Exemptions_co_Unknown2: 1
Lockbox_sp_Type_co_None18: 1
Amenities_co_None3: 1
Parking_co_On_sp_Street: 1
Roof_co_Composition: 1
Other Features
Gas Cooktop
Has Cooling System
Has Heating System
Refrigerator
$ 1,840.66
per month
- Principal and Interest
- Property Tax
- HOA fee
$ 1,391.91
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