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1207 E Rio Grande Ave - 1207 E Rio Grande 5 Unit Apartment Building Offered at $305,000 at a 6.39% Cap Rate El Paso, TX 79902

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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

Income and Expenses

FINANCIAL SUMMARY (ACTUAL - 2024)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$36,000	$10.12
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$36,000	$10.12
Taxes	$5,663	$1.59
Operating Expenses	$10,843	$3.05
Total Expenses	$16,506	$4.64
Net Operating Income	$19,494	$5.48

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual	$36,000
Annual Per SF	$10.12

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$36,000
Annual Per SF	$10.12

Taxes
Annual	$5,663
Annual Per SF	$1.59

Operating Expenses
Annual	$10,843
Annual Per SF	$3.05

Total Expenses
Annual	$16,506
Annual Per SF	$4.64

Net Operating Income
Annual	$19,494
Annual Per SF	$5.48

PROPERTY FACTS

Price	$305,000	Property Type	Multifamily Multifamily Apartments
Price Per Unit	$61,000	Building Class	C
Sale Type	Investment	Lot Size	0.18 AC
Cap Rate	6.39%	Building Size	3,559 SF
Sale Condition	Deferred Maintenance	Average Occupancy	100%
Gross Rent Multiplier	99	No. Stories	3
No. Units	5	Year Built	1901

Price	$305,000
Price Per Unit	$61,000
Sale Type	Investment
Cap Rate	6.39%
Sale Condition	Deferred Maintenance
Gross Rent Multiplier	99
No. Units	5
Property Type	Multifamily Multifamily Apartments
Building Class	C
Lot Size	0.18 AC
Building Size	3,559 SF
Average Occupancy	100%
No. Stories	3
Year Built	1901

LINKS

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Walk Score®

Very Walkable (78)

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PROPERTY TAXES

Parcel Number	F607-999-0830-7800	Total Assessment	$306,670 (2025)
Land Assessment	$26,250 (2025)	Annual Taxes	$5,663 ($1.59/SF)
Improvements Assessment	$280,420 (2025)	Tax Year	2024