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$345,000

1001 S Florence St Fl Orence, El Paso, TX, 79901

On MarketInfo
Just AddedInfo
Baths0 Bath
Baths6,554 Sq Ft
Year BuiltBuilt in 1925

About this property

Prime downtown El Paso location! This two-story, 10-unit apartment complex offers an excellent opportunity for investors looking to add value and build long-term income potential. The property features 8 two-bedroom/one-bath units and 2 one-bedroom/one-bath units. The complex maintains approximately 90% occupancy at all times, demonstrating consistent rental demand. The property is priced to sell and offers significant upside for an investor willing to complete improvements. Exterior repairs and updates are needed, along with work within individual units. The owner currently pays water and trash, while tenants are responsible for gas and electricity. Located directly across from Aoy Elementary School and Armijo Park & Aquatic Center, with convenient access to downtown El Paso amenities, transportation, shopping, and services. Cash purchase only. Bring your vision and unlock the potential of this well-located investment property! Call for more information and viewing opportunities.

Investor Tools

$0Estimated Mortgage Balance
$383,959Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,111 /month
Positive
Cash Flow Estimate:
$1,037 /month

Interested in this property?

Joel Anaya

Jaxon Texas Commercial Real Es

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$847/month
No HOA
5.947%

Learn About the Market: Opportunity in El Paso

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El Paso

El Paso is one of Texas’ most unique housing markets, combining affordability, military employment, international trade, and a strong regional identity. Located on the U.S.–Mexico border, the city serves as a major center for logistics, healthcare, education, manufacturing, and defense-related industries.

The city’s housing market is supported by the presence of Fort Bliss, one of the largest military installations in the United States. Compared to many other Texas metros, El Paso offers relatively affordable homeownership opportunities while maintaining stable demand from local residents, military personnel, and investors.

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Population Growth

Population Growth

0.6%

Net Migration

Net Migration

Stable

Median Home Price

Median Home Price

$184,500

Unemployment Rate

Unemployment Rate

4.0%

Price Trend

Price Trend

+1.6% YoY

New Permits

New Permits

Dynamic Permit Feed

City: El Paso

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1001 S Florence St Fl Orence | Property Details | No Agent List