Off-Market Property at 2921 Altura Ave, El Paso, TX, 79930

2921 Altura Ave, El Paso, TX, 79930

$264,500

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $134 per day and long-term for an average of $1,978 per month, based on similar listings in the area. Estimated short-term cap rate of 2.2%. Estimated long-term cap rate of 1.3%. Two-Unit property w/ historic charm & modern updates! This home is located in Altura Park near Manhattan Heights Historic District. Main house features; 1,101 SQFT | 3 BR + 2 BA | a spacious family room & elegant dining room. Original Hardwood flooring, & freshly painted interiors | Kitchen features updated cabinetry, SS appliances, granite countertops + a classic subway tile backsplash. | Updates include, windows, electrical & refrigerated A/C, light fixtures, security cameras, & bathrooms. | Roof replaced Aug. 2021 | The backyard features, lush green landscaping, artificial turf & trees, plus a pergola perfect for outdoor seating. | 2nd Unit features; 525 SQFT | 1 BR + 1 BA | Refrigerated AC (2 split units) | Rear access to property & parking available | Enjoy sunsets from the front porch or take a drive down Scenic Drive. | Newman Park, Memorial Park are min. away! | Enjoy all the up & coming local eateries close by. | Downtown El Paso is also minutes away! | Don't pass this property up Main House 1,101 sq ft , Guest House 525 sq ft

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$3313
Bedrooms
4
Bathrooms
3
SQFT
1,626
Furnished
unknown
Year built
1922
Listing Status
Off Market
MLS
891053

Short-term Rental Potential
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$25,992

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$162

Price/SQFT

Long-term Rental Potential
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$23,736

Revenue
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Profit
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Cap rate
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Cash on Cash
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$1,978/mo

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