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4023 LINCOLN AVE #1-3 El Paso, TX 79930
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,155 sqft
Price per Sqft $132
Subdivision Morningside Heights
MLS Listing ID 908830
Sold Date 12/24/24
Originating Board Greater El Paso Association of REALTORS®
Year Built 1950
Annual Tax Amount $3,448
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Triplex
Property Description
Welcome to this unique triplex, offering three studio units, each approximately 375 square feet. Each unit boasts its own unique configuration, providing a distinct living experience. All units are equipped with modern refrigerated mini-split systems, ensuring comfort year-round.
Situated on a spacious lot, this property presents a fantastic opportunity for investors. Expand your portfolio with the potential to build additional units or enjoy immediate income from the existing ones. Live in one unit and rent out the other two for a steady cash flow.
Currently, two out of the three units are occupied, providing immediate rental income. Additionally, there is a laundry room on-site with the potential to add a coin-operated machine for extra income. The backyard is currently divided for each tenant, but it could be transformed into a wonderful, shared courtyard.
Don't miss out on this exceptional investment opportunity!
TENAT OCCUPIED DND
Location
State TX
County El Paso
Community Morningside Heights
Zoning R1
Rooms
Other Rooms None
Interior
Heating Central, See Remarks
Cooling Refrigerated, See Remarks
Flooring Vinyl
Exterior
Parking Features 1 Space Per Unit
Utilities Available All City, All Utilities
Roof Type Flat
Building
Building Description See Remarks, Laundry Community,No Landscaping
Sewer City
Water City
Structure Type See Remarks
Schools
Elementary Schools Crockett
Middle Schools Bassett
High Schools Capt J L Chapin High
Others
Tax ID M79499907702200
Acceptable Financing 1031 Exchange, Cash, Conventional, Owner May Carry
Listing Terms 1031 Exchange, Cash, Conventional, Owner May Carry
Special Listing Condition Lead Paint Hazard
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