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1207 E Rio Grande Ave - 1207 E Rio Grande 5 Unit Apartment Building Offered at $425,756 CAD at a 6.39% Cap Rate El Paso, TX 79902
INVESTMENT HIGHLIGHTS
- No vacancy
- Centraly located
EXECUTIVE SUMMARY
DO NOT DISTURB TENANTS PLEASE. 36 hour notice to show. Virtual tours available for immediate access.
Charming 1900s home, converted into 5 fully rented 1 bedroom apartments prior to 1977, each generating $600 a month in renal income. Off street parking in back, A storage building and shed are included. Historic charm with consistant rental income. TLC needed.
AS IS. Owner pays utilities.
Basement has been an appartment since before 1977 but not listed as living space on cad.
Upstairs https://my.matterport.com/show/?m=FRFQ7ngMrbk&mls=1
Basement Unit https://my.matterport.com/show/?m=88giERjSarv&mls=1
Back unit https://my.matterport.com/show/?m=
Front Unit https://my.matterport.com/show/?m=mVs24rD9UKE&mls=1
Charming 1900s home, converted into 5 fully rented 1 bedroom apartments prior to 1977, each generating $600 a month in renal income. Off street parking in back, A storage building and shed are included. Historic charm with consistant rental income. TLC needed.
AS IS. Owner pays utilities.
Basement has been an appartment since before 1977 but not listed as living space on cad.
Upstairs https://my.matterport.com/show/?m=FRFQ7ngMrbk&mls=1
Basement Unit https://my.matterport.com/show/?m=88giERjSarv&mls=1
Back unit https://my.matterport.com/show/?m=
Front Unit https://my.matterport.com/show/?m=mVs24rD9UKE&mls=1
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$50,253
|
$14.12
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$50,253
|
$14.12
|
| Taxes |
$7,905
|
$2.22
|
| Operating Expenses |
$15,136
|
$4.25
|
| Total Expenses |
$23,041
|
$6.47
|
| Net Operating Income |
$27,212
|
$7.65
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $50,253 |
| Annual Per SF | $14.12 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $50,253 |
| Annual Per SF | $14.12 |
| Taxes (CAD) | |
|---|---|
| Annual | $7,905 |
| Annual Per SF | $2.22 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $15,136 |
| Annual Per SF | $4.25 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $23,041 |
| Annual Per SF | $6.47 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $27,212 |
| Annual Per SF | $7.65 |
PROPERTY FACTS
1 1
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | F607-999-0830-7800 | Total Assessment | $428,881 CAD (2025) |
| Land Assessment | $36,711 CAD (2025) | Annual Taxes | $7,905 CAD ($2.22 CAD/SF) |
| Improvements Assessment | $392,170 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
F607-999-0830-7800
Land Assessment
$36,711 CAD (2025)
Improvements Assessment
$392,170 CAD (2025)
Total Assessment
$428,881 CAD (2025)
Annual Taxes
$7,905 CAD ($2.22 CAD/SF)
Tax Year
2024
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1207 E Rio Grande Ave - 1207 E Rio Grande
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