🏡 (EL Paso, TX) CASH FLOW $950+/MO WITH 2 Properties on 1 Lot 🙌

Attention real estate investors: Excellent Location Close to Restaurants, Shopping Centers and only 6 minutes from University Medical Center of El Paso as well as 10 minutes from El Paso International Airport. Easy Access to 54, & I-10, there is tons of potential for profit in this beautiful El Paso multifamily.

ASKING PRICE: $165K

RENT ROLL: $3K+/mo

CASH FLOW: $950+/mo

Perfect For:

🚪 Buy and Hold

(Purchase Price) $165K + (Rental Rehab) $40k = (Total Investment) $205k

(Current Rent Rate) $3000/mo - 2150 (PTI) = $950+/mo est. CASH FLOW!

Main Home Rental Comps:

2624 Aurora Ave El Paso TX 77930- Rent $2050/mo

4001 Trowbridge Dr Drive El Paso Tx 77930-Rent $1700/mo

2930 Lebanon Ave El Paso Tx- Rent 1540/mo

(Less sqft and only 8 DOM)

Back Home Rental Comps:

3122 Wyoming Ave EL PASO TX 77930- RENT- 1250/MO
10 DOM

Property Overview:

Main Home

🛏 3 Bedrooms

🛁 2 Bathroom

📏 1509 sqft of potential

📅 Built in 1916

Back Home

🛏 1 Bedrooms

🛁 1 Bathroom

📏 500 sqft of potential

Property Details:

🧱Exterior: Brick & Siding 


🏠Roof: Replaced only 5 years ago

🪠Utilities: Breakers in service panel

💦 NEW Hot Water Heater: One was replaced 10 years ago and the other 5 years ago

Additional Insights:

🕒 History: Long Owner of about 20 years

🚧 Attention Required: Siding could use some attention

🔄 Vacancy: Occupied, until end of July

PLEASE CALL TO SCHEDULE SHOWINGS

214-646-0509

TENTATIVE CLOSE DATE ON OR BEFORE 08/23/2024