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$550,000

PN-244180 Alameda Avenue, Fabens, TX, 79838

On MarketInfo

About this property

This strategically-located property sits directly on Alameda Rd. (Main Street) at the intersection of Socorro Rd. and Alameda Rd. Its prime location is directly across from the University Medical Center, adjacent to El Paso County Emergency Services, and only a block away from Dollar General. The area is surrounded by multiple businesses, making it an ideal site for developments such as apartments, fast-food establishments, or a shopping center. The property encompasses 6.42 acres, with 5.42 acres currently utilized for alfalfa farming. Production is currently 76 tons. The property includes irrigation rights and is serviced by two wells. The land hosts approximately 10 mature producing pecan trees. The 1674sqft home, built in 1901, has 5 bdrms, 1 bath and a detached 2 car garage. The home is equipped with evap. air, city utilities and has a septic system. A 2,100-square-foot metal barn is present on the property. It includes 2 large doors suitable for storing farm equipment and is equipped with electricity.

Investor Tools

$0Estimated Mortgage Balance
$550,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,300 /month
Positive
Cash Flow Estimate:
$1,100 /month

Interested in this property?

Lynne Stone

Coldwell Banker Apex REALTORS

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Financing Details

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

City: Fabens