El Paso, TX 79902 - $625,000

Description

Great opportunity! Blocks away from UTEP, Medical Centers, Downtown, and several restaurants. Call/Text Sergio at 915-777-6024 for information OR email: sergio@mane-investments.com

** THIS PROPERTY IS OFF MARKET. DO NOT DISTURB TENANTS. CONTACT SERGIO FOR AN APPOINTMENT.

• This is a 5 unit building
• (3) - 2db/1bath; (2) - 1bd/1bath
• Average sq ft per unit ~ (2bd/1bath) ~ 720 sq ft; (1bd/1bath) ~ 600 sq ft
• Annual rental revenue = $51,600
• Annual operating expenses = $10,700
• Revenue opportunities:
  • Increase in rental income,
  • Perfect AirBnB location,
  • Making laundromat operational,
  • Adding vending machines.
  • Converting to office space
• Currently 100% rented
• (4) Lease term ends in April 2024; (1) month to month
• Separate Laundromat room with hook ups available, currently not in use.
• Landlord pays for water and all other utilities are metered separately.

Notices and Disclosures

1. All information must be independently verified. The estimates, information, and portrayal of property condition in photographs or videos are provided solely for your convenience. Any data regarding the property, neighborhood, or investment strategy are unverified assumptions made by Mane Investments LLC or its affiliates. Mane Investments LLC and its affiliates absolve themselves of any liability for the accuracy of estimates, information, or media presented. Buyers are responsible for conducting their own due diligence.

Amenities