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Listed by The Real Estate Power Houses

$549,900

Est. payment - /mo

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3,240 SqFt

Active

515 W MISSOURI AVE #1, 2, 3, 4, 5, 6, 7, 8 El Paso, TX 79901

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Key Details

Property Type Multi-Family

Sub Type House Plus Unit(s)

Listing Status Active

Purchase Type For Sale

Square Footage 3,240 sqft

Price per Sqft $169

Subdivision East El Paso

MLS Listing ID 948044

Year Built 1913

Annual Tax Amount $4,000

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type House Plus Unit(s)

Source Greater El Paso Association of REALTORS®

Property Description

Excellent investment opportunity in the heart of Downtown El Paso! This 8-unit multifamily property offers an investor the opportunity to acquire an established income-producing asset with immediate rental income and future upside potential. Several units offer the opportunity to increase rents over time, providing additional potential for long-term cash flow and equity growth. Ideally located near Southwest University Park, UTEP, hospitals, Downtown entertainment and dining, with convenient access to I-10 and the planned Downtown Deck Plaza. Whether you're looking to expand an existing portfolio or add a multifamily investment in a growing downtown area, this property offers a combination of current income, future potential and an excellent central location.

Location

State TX

County El Paso

Community East El Paso

Zoning A3

Rooms

Other Rooms None

Interior

Heating Central, Heat Pump, Natural Gas

Cooling Ceiling Fan(s), Central Air, Heat Pump, Refrigerated

Flooring Tile, Vinyl, Wood

Exterior

Parking Features Street Only, Unassigned, See Remarks

Utilities Available All City

Roof Type Pitched,Shingle

Building

Building Description Brick,Stucco, Balconies/Deck,High Speed Internet,Laundry Equip - Owned,Washer/Dryer

Sewer Public Sewer

Water City

Structure Type Brick,Stucco

Schools

Elementary Schools Aoy

Middle Schools Guillen

High Schools Bowie

Others

Tax ID S636999000A5500

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Owner Agent

Virtual Tour https://www.propertypanorama.com/instaview/gepar/948044

NEARBY SCHOOL & BUSINESS

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Jackie Stevens

Texas Realtor License ID: 558884

+1(915) 857-4663