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Listed by ClearView Realty

$ 450,000

Est. payment | -/mo

3,400 SqFt

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$ 450,000

Est. payment | -/mo

Save Virtual Tour

3,400 SqFt

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 $132

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

This unique income-producing property offers an unbeatable combination of location, versatility, and cash-flow potential. Instant access to I-10, and just minutes from Downtown and UTEP, the property is ideally positioned for strong rental demand from students, professionals, and long-term tenants alike. Close proximity to shopping, dining, hospitals, and entertainment further enhances its long-term value. The property features a spacious 3-bedroom main residence along with six additional on-site rental units, creating multiple income streams on a single property. All rental units have been recently remodeled, offering updated interiors that help minimize maintenance while maximizing tenant appeal. Whether you're looking to expand your investment portfolio, house hack by living in a unit while collecting rental income, or own a turnkey multifamily asset, this property presents an outstanding opportunity. 100% occupied, the property generates $4800 of monthly rent offering an attractive CAP rate of 8.3%!

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

Schools and Properties Nearby

Jesse Lopez

Agent | License ID: 741304

+1(915) 979-8080 | jesselopez.realtor@gmail.com

2314 WYOMING AVE El Paso, TX 79903