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Property Type 9 Or More Units
Status Active
Distressed
Year Built 1928
Neighborhood Old Fort Bliss
Days on Website 69

Property Map

$500,000 – 1820 W Paisano Drive, El Paso, TX 79922

Street View

Courtesy of Daniel Martinez, New Beginnings Realty.

Description

9 unit multi family zoned M2. There are (5) studio apartments, (3) 1 bedroom, and (1) 2 bedroom units. Investment property is next to a city park, 5 minutes to UTEP, EPCC, Downtown, Las Palmas, Providence, Southwest University stadium, and all downtown and Mesa St have to offer. Apartments have newer plumbing, electrical, and water efficient toilets, windows, doors, with LOW maintenance. Property taxes are low compared to similar properties. This means more monthly cash flow.In 2016, Government is invested 37 million dollars in highway system that connects these apartments to UTEP, downtown, and major highways. This year, the government is spending even more on the Loop 375 connection project meaning more access and traffic to apartment building. Opportunity to add a laundry site to increase Cashflow another 150 to 350 per mo.

Property Details and Features

Amenities

  • Outside Lights
  • Playground
  • See Remarks

Appliances and Equipment

  • Free-Standing Gas Oven
  • Hot Water Tank
  • Range Hood
  • Refrigerator

House

  • SqFt Apx.: 3,291
  • Single story
  • Built in 1928
  • Brick

Cooling

  • Evaporative Cooling

Disclosures

  • Flood Zone: No
  • Lead Paint Discl: No

Disability Features

  • Handicap Access: No

Expenses

  • Taxes
  • Utilities

Floors

  • None
  • Tile

Water

  • City

Heating

  • Natural Gas

Listing

  • Days On Market: 70
  • List Price/SqFt: $152
  • Listed on 2019-08-10

Location

  • County: El Paso
  • Subdivision: Old Fort Bliss

Lot

  • Apx Acres: 0.34
  • Apx SqFt Lot/Land: 15,308

Owner Pays

  • Trash Collection
  • Water

Parking

  • # Parking Spaces: 18
  • Unassigned
  • Unpaved

Property

  • Buildings Total: 2
  • Total Units: 9
  • Zoning: M2

Roof

  • Shingle

Schools

  • Elementary School: Vilas
  • High School: Elpaso
  • Middle School: Wiggs
  • School District: El Paso

Sewer

  • City

Taxes

  • Apx Yearly Taxes: $3,998
  • Tax Year: 2019

Tenant Pays

  • Electricity
  • Gas

Utilities

  • Metering: Individual Electric,Individual Gas
  • All City
  • All Utilities
  • Cable Available
  • Electric Connected
  • Gas Meter on Prop

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