515 W Missouri Avenue Unit #1,2,3,4,5,6,7,8, El Paso, TX 79901
- $559,900
- 3,240
- SqFt
- List Price
- $559,900
- Price Change
- ▼ $20,000 1785876783
- Days on Market
- 0
- MLS#
- 948044
- Status
- ACTIVE
- Sq. Ft
- 3,240
- Acres
- 0.10
- Subdivision
- East El Paso
- Year Built
- 1913
Property Description
8-unit multifamily in El Paso's historic district, minutes from UTEP and downtown. All eight units occupied, producing $60,780 annual scheduled rent against $16,027 operating expenses -- $41,714 NOI at a 7.45% cap. The opportunity is flexibility: five of eight units are on month-to-month terms with a sixth just rolled, so a new owner can reposition rents immediately instead of waiting out a staggered lease stack. Bringing units to market lifts scheduled income to $68,400 (+13%), with Unit 2 alone $250/month under market. Established student and workforce tenant base, 4.63% actual collection loss YTD, taxes and insurance paid in full for 2026. Rent roll, T-12 and full OM available on request. Buyer to verify all figures including post-sale tax reassessment.
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Additional Information
- Taxes
- $4,000
- Stories
- 2
- Appliances
- Range Hood, Refrigerator
- Heating
- Natural Gas, Central
- Sewer
- Public Sewer
- Elementary School
- Aoy
- Middle School
- Guillen
- High School
- Bowie
Mortgage Calculator
Listing courtesy of Listing Agent: Gustavo Andazola () from Listing Office: The Real Estate Power Houses.