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Owner Contacts

$328,000

NAL Estimated Property Value

505 E Cliff Drive Unit 1, El Paso, TX, 79902

Off Market

Lease

1 Beds

1 Bath

840 Sq Ft

Condos / Townhouses

Built in 1909

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Indoor Fireplace

Garage Available

Heating Forced Air Unit

Cooling

AppliancesFree-Standing Gas Oven, Refrigerator

FlooringOther

Exterior

Lot Size4,918 sqft

Building Information

Year Built1909

Roof Type105

Garage Spaces1

Land Information

APNA462-999-0420-7600

SubdivisionAlexander

Land UseResidential

Legal Description42 ALEXANDER S16 FT OF E 41 FT OF 16 & E 41 FT OF 17 TO 20 (4920.00 SQ FT)

Census Tract002202

Assessed Land Value$47,900

Assessed Improvement Value$280,100

Assessment Year2025

About this property

Fully Remodeled Gem in the heart of El Paso! This 2-bedroom, 1-bath with additional flex room perfect for a home office or spare room! Property features modern upgrades inside and out, including new paint, flooring, lighting, appliances, windows, refrigeration, and a fully remodeled kitchen with new refrigerator, stove, and timeless quartz countertops. Enjoy stunning El Paso views from this move-in-ready unit in a desirable, fast-growing area near shops, eateries, and with easy highway access, located less than a mile distance from UTEP or downtown. Don't miss this perfect blend of style and convenience!

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$965/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$9,935

$328,000

2025

$47,900

$280,100

$328,000

Tax History

Year

Tax Paid

Assessed Value

2024

$9,935

$328,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Change Lending Llc

Conventional

$337,500

First

Jun 30, 2025

Jul 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$332,061

N/A

101%

$2,024/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$977/mo

$2,024/mo

$-1,047/mo

3.6%

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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