UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,790 sqft
Price per Sqft $126
Subdivision Magoffin
MLS Listing ID 934429
Year Built 1912
Annual Tax Amount $12,128
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Quadruplex
Source Greater El Paso Association of REALTORS®
Property Description
Discover a solid long-term investment with this well-maintained 6-unit multi-family property located on 2219 Magoffin Ave. All units were fully renovated in 2023, featuring new appliances, fresh interior paint, and updated tile flooring, offering modern, attractive living spaces for tenants.
The property currently consists of a mix of year-long leases and month-to-month tenants, providing both stability and flexibility for an incoming investor. Rents have not yet been increased, presenting a valuable opportunity to raise income and significantly enhance overall cash flow.
This is a rare chance to acquire a turnkey, income-producing asset with strong upside potential—perfect for investors seeking steady returns and long-term growth.
Location
State TX
County El Paso
Community Magoffin
Zoning C4
Interior
Heating Central, Forced Air
Cooling Ceiling Fan(s), Evaporative Cooling, Refrigerated
Flooring Tile
Exterior
Parking Features Street Only
Utilities Available All City
Roof Type Flat
Building
Building Description See Remarks, No Landscaping,Washer/Dryer H/U In Unit
Sewer Public Sewer
Water City
Structure Type See Remarks
Schools
Elementary Schools Douglass
Middle Schools Guillen
High Schools Bowie
Others
Tax ID B20299903408600
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/gepar/934429
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