1209 Gateway Blvd, El Paso, TX 79903
3 Unit Apartment Building Offered at $115,888 in El Paso, TX 79903
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $115,888
- Property Type
-
Multifamily
- Square Feet
- 1,890 SF
Listing Contacts
Enrique Moreno
Verified Profile
- Property Info
Property Overview
ATTN: Please note that the asking price will be raised to $120,888 upon a subsequent rate decrease by the Federal Reserve. Yet, keep in mind that this is still well below El Paso County's appraised valuation of $134,999 for the subject property. eXp Realty is pleased to present this offering which includes three units that serve as a wonderful opportunity for value-add investors. The property is located in a submarket containing stable rental performance with room for projected improvement. New construction within the nearby vicinity is sparse which assists with maintaining favorable absorption rates. Moreover, the local neighborhood is projected to experience slight increases in population at the one, three, and five-mile ranges. Call or send a text message to the listing agent for a preview of the survey and ARV appraisal report designating an after-repair value of $280,000.
Property Details
- Year Built
- 1930
- Stories
- 1
- Lot Size (sq. ft)
- 3,920 SF
- Units
- 3
Highlights
- $280,000 Appraised After-Repair Value
- However, recent sales of 906 1/2 Tularosa Avenue and 3725 Tularosa Avenue allow for a proposed increase in valuation
- $20,000 worth of interior demolition and junk-removal have been completed
- Centrally Located for Improved Access to Employment Opportunities and Entertainment
- Bring as little as $23,000 to closing in order to fund the rest of the purchase price and to obtain $80,000+ in rehab reserves.
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].