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2314 Wyoming Avenue, El Paso, TX 79903

$435,000
: 3,400
SqFt

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List Price: $435,000
Price Change: ▼ $15,000 1793776613
Days on Market: 0
MLS#: 948681
Status: ACTIVE
Sq. Ft: 3,400
Acres: 0.09
Subdivision: Cotton
Year Built: 1927

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Property Description

Value-add opportunity minutes from Downtown, UTEP and I-10! This 7-unit income property features a 3-bedroom main residence plus 6 rental units on one lot. Six of seven... $4,100/month and One remodeled unit is vacant and ready to lease, with long-term tenants in place (up to 8 years). One remodeled unit is vacant and ready to lease at $700/month, bringing projected income to $4,800/month when fully leased. At $435,000, that's about $62K per unit, well below recent per-unit sales of nearby 4-unit buildings. Room to add value by leasing the vacant units and bringing below-market $500 rents up to market over time. Close to shopping, dining, hospitals and entertainment, with strong rental demand. A great fit for investors looking to grow a portfolio with built-in upside. Rent roll available upon request. Buyer to verify all information.

915-730-1511

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Additional Information

Taxes: $7,999
Stories: 2
Appliances: Range Hood, Refrigerator, Gas Cooktop, Water Heater
Heating: 2+ Units, Heat Pump
Sewer: Public Sewer
Elementary School: Moreno
Middle School: Armendariz
High School: Austin