$775,000
For more information regarding the value of a property, please contact us for a free consultation.
5,180 SqFt
SOLD DATE : 11/22/2024
Key Details
Property Type Multi-Family
Sub Type 9 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 5,180 sqft
Price per Sqft $149
Subdivision East El Paso
MLS Listing ID 898655
Sold Date 11/22/24
Originating Board Greater El Paso Association of REALTORS®
Year Built 1935
Annual Tax Amount $6,259
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type 9 or More Units
Property Description
THIS GREAT PROPERTY IS A PRIME INVESTMENT FOR ANYONE WANTING TO BUILD THEIR PORTFOLIO. 10 UNIT PROPERTY CONSISTING OF 8 STUDIO APARTMENTS, ONE 1 BEDROOM APARTMENT, AND 1 COMMERCIAL UNIT WITH ALAMEDA FRONTAGE. OF THE 9 UNITS, 8 ARE FACING GRAMA STREET AND ONE IS FACING ALAMEDA. ALL UNITS ARE LARGE STUDIOS.
ONE UNIT HAS BEEN REMODELED INTO A 1 BEDROOM 1 BATHROOM FLOOR PLAN. ALL UNITS ARE CURRENTLY RENTED TO VERY CONSISTENT AND RELIABLE TENTANTS. NEW ROOF, NEW EXTERIOR PAINT, NEW FRONT AND BACK METAL DOORS. UNITS HAVE EVAP COOLING. GAS AND ELECTRIC HAVE SEPARATE METERS. OWNER PAYS WATER AND TRASH. SHOP TENENT PAYS OWN UTILITES. THIS PROPERTY HAS ROOM FOR IMPROVEMENT IF YOU WISH TO CONVERT THE REMAINDER OF THE UNITS AND FURTHER INCREASE THE EARNING CAPABILITY.
Location
State TX
County El Paso
Community East El Paso
Zoning C4
Interior
Heating Natural Gas
Cooling Evaporative Cooling
Flooring Tile, Vinyl
Exterior
Parking Features Street Only
Utilities Available Electric Connected
Roof Type Flat
Building
Building Description Brick Veneer, None
Sewer City
Water City
Structure Type Brick Veneer
Schools
Elementary Schools Hart
Middle Schools Guillen
High Schools Bowie
Others
Tax ID E01499901009600
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Corporate Owned
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP