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$359,000

Est. payment - /mo

2,968 SqFt

New

501 E Cliff DR El Paso, TX 79902

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,968 sqft

Price per Sqft $120

Subdivision Alexander

MLS Listing ID 935867

Year Built 1925

Annual Tax Amount $10,312

Lot Size 0.830 Acres

Acres 0.83

Property Sub-Type Quadruplex

Source Greater El Paso Association of REALTORS®

Property Description

This property offers significant potential, making it an excellent addition to any investment portfolio. With strong cash flow prospects and the opportunity for further growth, it presents a solid financial opportunity. The property consists of five units, including four studio apartments and one three-bedroom unit. Additionally, the spacious basement, which spans over 1,000 square feet, provides further possibilities for expansion or rental income. Conveniently located near UTEP and downtown, this well-maintained property is ideally positioned for both tenants and long-term growth. Potential for a professional office space for a attorney or doctors office.

Location

State TX

County El Paso

Community Alexander

Zoning R1

Interior

Heating Forced Air, Natural Gas

Cooling Evaporative Cooling, Window Unit(s)

Flooring Laminate, Wood

Exterior

Parking Features On Street

Roof Type Composition

Building

Building Description Stucco, None

Sewer Public Sewer

Water City

Structure Type Stucco

Schools

Elementary Schools Lamar

Middle Schools Wiggs

High Schools Elpaso

Others

Tax ID A46299904206600

Acceptable Financing Conventional, FHA

Listing Terms Conventional, FHA

Special Listing Condition Lead Paint Hazard

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Lizzy Palma

Agent | License ID: 0535245

+1(214) 982-8697

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