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Listed by REAL Broker LLC

$ 339,000

Est. payment | -/mo

1,996 SqFt

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$ 339,000

Est. payment | -/mo

Save Virtual Tour

1,996 SqFt

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®

Property Description

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.

Location

State TX

County El Paso

Community Bassett

Zoning SD

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

Building

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

Sewer Public Sewer

Water City

Structure Type Brick

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

NEARBY SCHOOLS & PROPERTIES

Evan Karam

Agent | License ID: 609309

+1(915) 276-4827 | ekaram82@gmail.com

2429 MONTANA AVE El Paso, TX 79903