2415 Montana Ave, El Paso, TX 79903
3,636 SF | Office Building | El Paso, TX 79903 | $449,000 ($123/SF) | 7.76% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $449,000
- Property Type
-
Office
- Square Feet
- 3,636 SF
- Price / Square Foot
- $123
Listing Contacts
Jaime Mora
Verified Profile
- Property Info
Property Overview
COME VIEW THIS BEAUTIFULLY REMODELED OFFICE BUILDING LOCATED IN CENTRAL EL PASO CURRENTLY OCCUPIED BY 5 COMMERCIAL TENANTS AND 2 RESIDENTIAL TENANTS (BASEMENT IS 2BR - 1 BA AND ATTIC IS 3 BR-1 BATH W/LAUNDRY). THE MAIN FLOOR IS COMMERCIAL SPACE, WITH THE BASEMENT AND ATTIC LEASED TO RESIDENTIAL TENANTS. THIS IS A GREAT OPPURTUNITY FOR INVESTORS THAT ARE LOOKING TO INVEST IN AN ALMOST FULLY LEASED PROPERTY (1 VACANCY) THAT HAS BEEN UPDATED AND REMODELED AND IS CASHFLOWING NICELY WITH A 7.76 POTENTIAL CAP RATE WHEN FULLY LEASED. MAIN FLOOR ENTRY AREA HAS A BEAUTIFULLY DECORATED BUSINESS LOUNGE WITH MODERN DECOR MIXED WITH HISTORICAL CHARM. THERE IS A KITCHEN AREA AND 2 BATHROOMS, A NICE COVERED PATIO IN THE BACK FOR OUTSIDE GATHEREINGS OR MEETINGS OR AFTER HOUR LOUNGING WITH ALLEY ACCESS. THERE ARE 4 PARKING SPACES IN THE FRONT AS WELL AS STREET PARKING. CALL LISTING AGENT FOR VIEWING. POSSIBLE OWNER FINANCE AVAILABLE WITH 20% DOWN
Property Details
- Class
- B
- Year Built/Renovated
- 1915/2019
- Stories
- 2
- Property Subtype
- Office/Residential, Medical
- Lot Size (sq. ft)
- 4,792 SF
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