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$325,806

NAL Estimated Property Value

615 Arizona Ave, El Paso, TX, 79902

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths736 Sq Ft
Year BuiltBuilt in 1925

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesRefrigerator, Microwave, Free-Standing Gas Oven
FlooringVinyl

Exterior

Lot Size5,162 sqft

Building Information

Year Built1925
Roof Type105

Land Information

APNA462-999-0060-7100
SubdivisionAlexander
Land UseResidential
Legal Description6 ALEXANDER 17 & W 13 FT OF 18 & E 4 FT OF W 17 FT OF N 24 FT OF 18 (5160 SQ FT)
Census Tract002202
Assessed Land Value$49,606
Assessed Improvement Value$276,200
Assessment Year2025

About this property

Gorgeous 4-unit brick apartment building at 615 Arizona Avenue, El Paso, TX 79902. Nestled in vibrant Central El Paso near the university and hospital district, each of the four 1-bed/1-bath units features its own porch or balcony, new windows, doors, interior/exterior paint, remodeled kitchens with refrigerators, built-in microwaves, and gas stoves, plus remodeled bathrooms, upgraded electrical, refrigerated air, and central heat. Stunning landscaping completes this turnkey investment.

Investor Tools

Property Icon
$325,806
Estimated Property Value
$208,535Estimated Mortgage Balance
$117,271Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,900 /month
Positive
Cash Flow Estimate:
$1,300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$655/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,237
$325,806
2025
$49,606
$276,200
$325,806
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,237
$325,806

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$225,000
No
First
Jun 1, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$208,535
$117,271
35%
64%
$1,349/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$977/mo
$1,349/mo
$-372/mo
3.6%

City: El Paso

615 Arizona Ave | Property Details | No Agent List