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$625,000

2515 Memphis Ave, El Paso, TX, 79930

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,230 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$193.5 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

BankruptcyAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesDishwasher
FlooringOther, Wood

Exterior

Private PoolPrivate Pool
Lot Size12,000 sqft

Building Information

Year Built1953
Roof Type105
Garage Spaces3

Land Information

APNH453-999-1230-2200
SubdivisionHighland Park
Land UseResidential
Legal Description123 HIGHLAND PARK 12 TO 14 & W 18 FT OF 11 & E 7 FT OF 15 (12000.00 SQ FT)
Census Tract000902
Assessed Land Value$37,946
Assessed Improvement Value$288,054
Assessment Year2025

About this property

Welcome to this stunning, fully remodeled home in the historic Manhattan Heights district of El Paso! Nestled near the mountain with easy access to scenic hiking trails, grocery stores, and some of the area's best local restaurants, this property offers the perfect blend of character, location, and modern luxury. This one-of-a-kind residence features an incredible heated indoor saltwater swimming pool, making it a true year-round retreat. The home has been completely updated with high-end finishes throughout, including epoxy and wood flooring, two tankless water heaters, and modern upgrades in every space. Enjoy spacious bedrooms, an epoxy-coated garage with room for up to six vehicles, and a unique hidden ''James Bond'' style door providing discreet access to the garage. The oversized backyard offers ample space large enough to accommodate a full basketball court perfect for entertaining or recreation. A rare opportunity to own a modernized historic gem in one of El Paso's most sought-after neighborhoods

Investor Tools

$156,151Estimated Mortgage Balance
$462,849Estimated Equity
74% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,750 /month
Positive
Cash Flow Estimate:
$1,250 /month

Interested in this property?

Joel Garcia

ClearView Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$860/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,226
$326,000
2025
$37,946
$288,054
$326,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,226
$326,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gecu
Stand Alone Second / Subordinate Position
$166,100
No
First
Feb 23, 2023
Feb 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$156,151
$462,849
74%
25%
$996/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,664/mo
$996/mo
+$668/mo
3.2%

City: El Paso