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$230,000

NAL Estimated Property Value

1101 E Rio Grande Ave, El Paso, TX, 79902

$299,000 ARVInfo
Off MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths3,648 Sq Ft
Year BuiltBuilt in 1950

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling

Exterior

Lot Size6,000 sqft

Building Information

Year Built1950
Roof Type105

Land Information

APNP795-999-2790-7100
Subdivision277 Pierce Finley
Land UseCommercial
Legal Description279 PIERCE FINLEY 25 & 26 (6000 SQ FT)
Census Tract002202
Assessed Land Value$15,000
Assessed Improvement Value$215,000
Assessment Year2025

About this property

Multi-family property located at the corner of Rio Grande Ave and Octavio St. Fantastic investment opportunity which consists of 9 well-maintained units, all zoned for apartments, making it an ideal option for residential rental income or office space. With its prime location, residents enjoy easy access to local shops, schools, while also being just a short drive from downtown El Paso and major transportation routes. The building is situated in a high-demand rental area, offering both convenience and potential for long-term growth. Each unit is unique featuring functional layouts that can cater to a variety of tenants. With 9 units available, this property is perfect for an investor looking to expand their portfolio or an owner-occupant interested in managing a small apartment community. New water heaters have been installed. Don't miss this great opportunity to own a property in an up-and-coming area of El Paso. Owner FINANCE is available.

Investor Tools

Property Icon
$230,000
Estimated Property Value
$130,696Estimated Mortgage Balance
$99,304Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$299,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,060 /month
Positive
Cash Flow Estimate:
$1,020 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$562/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,599
$230,000
2025
$15,000
$215,000
$230,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,599
$230,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Unknown
$151,200
No
First
Jul 1, 2019
Jul 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$130,696
$99,304
43%
57%
$907/mo

City: El Paso

1101 E Rio Grande Ave | Property Details | No Agent List