2314 Wyoming Avenue, El Paso, TX 79903
- $450,000
- 3,400
- SqFt
- List Price
- $450,000
- Status
- ACTIVE
- Days on Market
- 6
- MLS#
- 948681
- Subtype
- Residential Income
- Year Built
- 1927
- Living Area
- 3,400
- Lot Size
- 4,080
- Acres
- 0.09
- Subdivision
- Cotton
Property Description
This unique income-producing property offers an unbeatable combination of location, versatility, and cash-flow potential. Instant access to I-10, and just minutes from Downtown and UTEP, the property is ideally positioned for strong rental demand from students, professionals, and long-term tenants alike. Close proximity to shopping, dining, hospitals, and entertainment further enhances its long-term value. The property features a spacious 3-bedroom main residence along with six additional on-site rental units, creating multiple income streams on a single property. All rental units have been recently remodeled, offering updated interiors that help minimize maintenance while maximizing tenant appeal. Whether you're looking to expand your investment portfolio, house hack by living in a unit while collecting rental income, or own a turnkey multifamily asset, this property presents an outstanding opportunity. 100% occupied, the property generates $4800 of monthly rent offering an attractive CAP rate of 8.3%!
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Additional Information
- Taxes
- $7,999
- Financing
- Cash, Conventional, FHA, VA Loan
- Appliances
- Range Hood, Refrigerator, Gas Cooktop, Water Heater
- Heating
- 2+ Units, Heat Pump
- Stories
- 2
- Parking Features
- On Street
- Elementary School
- Moreno
- Middle School
- Armendariz
- High School
- Austin
Mortgage Calculator
Listing courtesy of Listing Agent: Randy Solis () from Listing Office: ClearView Realty.