2415 Montana Ave
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2415 Montana Ave
3,636 SF Office Building El Paso, TX 79903 $449,000 ($123/SF) 7.76% Cap Rate
Executive Summary
COME VIEW THIS BEAUTIFULLY REMODELED OFFICE BUILDING LOCATED IN CENTRAL EL PASO CURRENTLY OCCUPIED BY 5 COMMERCIAL TENANTS AND 2 RESIDENTIAL TENANTS (BASEMENT IS 2BR - 1 BA AND ATTIC IS 3 BR-1 BATH W/LAUNDRY). THE MAIN FLOOR IS COMMERCIAL SPACE, WITH THE BASEMENT AND ATTIC LEASED TO RESIDENTIAL TENANTS. THIS IS A GREAT OPPURTUNITY FOR INVESTORS THAT ARE LOOKING TO INVEST IN AN ALMOST FULLY LEASED PROPERTY (1 VACANCY) THAT HAS BEEN UPDATED AND REMODELED AND IS CASHFLOWING NICELY WITH A 7.76 POTENTIAL CAP RATE WHEN FULLY LEASED. MAIN FLOOR ENTRY AREA HAS A BEAUTIFULLY DECORATED BUSINESS LOUNGE WITH MODERN DECOR MIXED WITH HISTORICAL CHARM. THERE IS A KITCHEN AREA AND 2 BATHROOMS, A NICE COVERED PATIO IN THE BACK FOR OUTSIDE GATHEREINGS OR MEETINGS OR AFTER HOUR LOUNGING WITH ALLEY ACCESS. THERE ARE 4 PARKING SPACES IN THE FRONT AS WELL AS STREET PARKING. CALL LISTING AGENT FOR VIEWING. POSSIBLE OWNER FINANCE AVAILABLE WITH 20% DOWN
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,636 SF
Building Class
B
Year Built/Renovated
1915/2019
Price
$449,000
Price Per SF
$123
Cap Rate
7.76%
NOI
$34,863
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,818 SF
Building FAR
0.76
Land Acres
0.11 AC
Zoning
SD - Special District
Parking
4 Spaces (1.1 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
Walk Score ®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | C849-999-0190-4900 | Total Assessment | $210,715 (2023) |
| Land Assessment | $33,600 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $177,115 (2023) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
C849-999-0190-4900
Land Assessment
$33,600 (2023)
Improvements Assessment
$177,115 (2023)
Total Assessment
$210,715 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024 Payable 2024
-
Jaime Mora - Alluvion Realty Group.
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Alluvion Realty Group.
2415 Montana Ave
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