🔥5-Units in El Paso, TX - 10+ CAP Potential!🔥

El Paso County, El Paso, TX, 79902
Sold
Listed at: March 20th, 2023
Price
$375,000
Sq. Footage
3192
Type
Multifamily
Parking
Street
Year build
1925
Lot size
0.11 acres
Bedrooms
5
Bathrooms
5
Half Bathrooms
0
Summary

1913 E Rio Grande Ave., El Paso, TX 79902


Property Overview

5 Unit Apartment

3,192 sqft (total)

7 beds/5 baths (total)

  • 1 bed, bath (x3)
  • 2 beds, 1bath (x2)

1925 build

Lot size: 0.11 acres


Rent Roll, Financials, & Pro Forma

https://www.dropbox.com/sh/nbvwhr96i0z2jyg/AADPfrOCwbsoJqt9tFbIfezsa?dl=0


Rental Summary

Current Monthly Rent: $3,160 (pending leases)

Potential Monthly Rent: $4,825


Rental Breakdown

Unit A

  • 1 bed/1 bath
  • Current Monthly Rent: $575
  • Lease end: Month-to-month pending leases
  • Potential Monthly Rent: $875
  • Owner pays water

Unit B

  • 2 bed/1 bath
  • Current Monthly Rent: $700
  • Lease end: Month-to-month (pending leases)
  • Potential Monthly Rent: $1,100
  • Owner pays water


Unit C

  • 1 bed/1 bath
  • Current Monthly Rent: $575
  • Lease end: Month-to-month (pending leases)
  • Potential Monthly Rent: $875
  • Owner pays water


Unit D

  • 2 bed/1 bath
  • Current Monthly Rent: $685
  • Lease end: Month-to-month (pending leases)
  • Potential Monthly Rent: $1,100
  • Owner pays water


Unit E

  • 1 bed/1 bath
  • Current Monthly Rent: $625
  • Lease end: Month-to-month (pending leases)
  • Potential Monthly Rent: $875
  • Owner pays water


Property Condition

Age of roof: 12 years old (single unit) &15 years old (4 units)

Central AC and Window Units

HVAC age: 2 years old

Additional info:

  • Individually metered
  • 2 units with HVAC units
  • 3 units with window units AC
  • 2 floors
  • 2 buildings
  • Parking type: Alley and street


More Photos

https://www.dropbox.com/sh/7ey7lgh4i53o2w1/AADHGhiMZaFNMeTmWjt4GTIYa?dl=0


Asking Price: $375,000

Closing: 04-10-23 or sooner


Call or text Isaiah for more details on this 🌋HOT DEAL!🌋

(210) 966-9479

Click the BUY IT NOW button to lock this one down and avoid bidding wars ⚔️

DISCLAIMER: This is an assignment of contract. A legally binding purchase & sale contract has been signed giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Genevieve Gorgos

No reviews

Disposition manager