2429 Montana Avenue, El Paso, TX 79903
- $339,000
- 1,996
- SqFt
- List Price
- $339,000
- Days on Market
- 50
- MLS#
- 945575
- Status
- ACTIVE
- Sq. Ft
- 1,996
- Acres
- 0.14
- Subdivision
- Bassett
- Year Built
- 1910
Property Description
Unique 2-unit income-producing property in Central El Paso offering flexibility, cash flow, and value-add potential. The front unit is currently leased at $1,260 per month, providing immediate income, while the rear 4-bedroom, 1-bath unit offers an opportunity to build equity through updates and improvements (estimated renovation budget of $20,000-$25,000). Ideal for investors seeking multiple income streams or buyers looking for a live/work setup with income-producing potential. Located within an Opportunity Zone, which may offer potential tax advantages for qualifying investors (buyer to verify). Conveniently situated along the Montana corridor with excellent accessibility and long-term redevelopment potential. Buyers intending to occupy the residential unit should verify zoning, occupancy requirements, and intended use with the City of El Paso. All property information, uses, zoning, permits, dimensions, and investment assumptions should be independently verified by buyer.
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Additional Information
- Taxes
- $5,224
- Stories
- 2
- Appliances
- Free-Standing Gas Oven
- Heating
- Forced Air, Central
- Sewer
- Public Sewer
- Elementary School
- Hillside
- Middle School
- Bassett
- High School
- Burges
Mortgage Calculator
Listing courtesy of Listing Agent: Evan Ferris Karam () from Listing Office: REAL Broker LLC.