Multi-Family $ 339,000

2429 MONTANA AVE

El Paso, TX 79903

  • 1,996 SqFt
  • 6,098 Lot Size
  • 1910 Year Built
Unique 2-unit income-producing property in Central El Paso offering flexibility, cash flow, and value-add potential. The front unit is currently leased at $1,260 per month, providing immediate income, while the rear 4-bedroom, 1-bath unit offers an opportunity to build equity through updates and improvements (estimated renovation budget of $20,000-$25,000). Ideal for investors seeking multiple income streams or buyers looking for a live/work setup with income-producing potential. Located within an Opportunity Zone, which may offer potential tax advantages for qualifying investors (buyer to verify). Conveniently situated along the Montana corridor with excellent accessibility and long-term redevelopment potential. Buyers intending to occupy the residential unit should verify zoning, occupancy requirements, and intended use with the City of El Paso. All property information, uses, zoning, permits, dimensions, and investment assumptions should be independently verified by buyer.
Listed by REAL Broker LLC

VIRTUAL TOUR

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type House Plus Unit(s)

    Listing Status Active

    Purchase Type For Sale

    Square Footage 1, 996 sqft

    Price per Sqft $169

    Subdivision Bassett

    MLS Listing ID 945575

    Year Built 1910

    Annual Tax Amount $5,224

    Lot Size 6,098 Sqft

    Acres 0.14

    Property Sub-Type House Plus Unit(s)

    Source Greater El Paso Association of REALTORS®

  • Location

    State TX

    County El Paso

    Community Bassett

    Zoning SD

  • Building

    Building Description Brick, Some Landscaping,Washer/Dryer H/U In Unit

    Sewer Public Sewer

    Water City

    Structure Type Brick

  • Interior

    Heating Central, Forced Air

    Cooling Multi Units

  • Exterior

    Parking Features Covered, On Street

    Garage Spaces 2.0

    Utilities Available All City

    Roof Type Composition,Flat

    Total Parking Spaces 2

  • Schools

    Elementary Schools Hillside

    Middle Schools Bassett

    High Schools Burges

  • Others

    Tax ID B20299909007100

    Acceptable Financing FHA 203(k), Cash, Conventional

    Listing Terms FHA 203(k), Cash, Conventional

    Special Listing Condition None

    Virtual Tour https://www.propertypanorama.com/instaview/gepar/945575

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CONTACT

Evan Karam
Evan Karam

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