$152,500
SOLD DEC 24, 2024
Last list price

4023 Lincoln Ave Unit 1-3 El Paso, TX 79930

Central Neighborhood
-- Bed
-- Bath
1,155 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$132 Per Sq Ft

54 Days on Market

Highlights

  • Refrigerated Cooling System
  • Laundry Facilities
  • 1-Story Property
  • Central Heating
  • Vinyl Flooring
  • 5-minute walk to Jorge Almada Park

About This Home

As of December 2024

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

Last Agent to Sell the Property

Vanesa McCann

Keller Williams Realty License #0726971 Listed on: 09/16/2024

Keller Williams Realty

Last Buyer's Agent

Yolanda Marquez

Home Pros Real Estate Group License #0584333

Home Pros Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,448

Year Built

  • Built in 1950

Lot Details

  • 6,098 Sq Ft Lot
  • No Landscaping

Home Design

  • Triplex
  • Flat Roof Shape
  • Lead Paint Disclosure

Interior Spaces

  • 1,155 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • Free-Standing Gas Oven

Parking

  • 3 Parking Spaces
  • Parking Available

Schools

  • Crockett Elementary School
  • Bassett Middle School
  • Capt J L Chapin High School

Utilities

  • Refrigerated Cooling System
  • Central Heating
  • Individual Gas Meter

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for trash collection, water
  • Assessor Parcel Number M79499907702200
  • Seller Considering Concessions

Community Details

Overview

  • 3 Units
  • Morningside Heights Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $7,175
  • Gross Income $9,968

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,448

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Year Built: 1950
  • Co List Office Mls Id: 411
  • Subdivision Name: Morningside Heights
  • Mobile Length: 1
  • Mobile Width: 3
  • Location Tax Legal:Zoning2: R1
  • Location Tax Legal:Elementary School: Crockett
  • Location Tax Legal:Middle School: Bassett
  • Location Tax Legal:High School: Capt J L Chapin High
  • Location Tax Legal:Apx Yearly Taxes: 3448.14
  • Location Tax Legal:Tax Year2: 2024
  • Location Tax Legal:Parcel ID: M79499907702200
  • General Property Info:Apx Acres2: 0.14
  • Water:City5: Yes
  • General Property Info:Apx SqFt LotLand2: 6000.0
  • General Property Info:Buildings Total: 1
  • General Property Info:Total Units: 3
  • General Property Info:Total Stories _pound_: 1
  • General Property Info:Flood Zone3: No
  • General Property Info:Handicap Access: No
  • General Property Info:Lead Paint Discl: Yes
  • Metering:Individual Gas: Yes
  • Flooring:Vinyl2: Yes
  • Amenities:No Landscaping: Yes
  • Special Listing Conditions:Lead Paint Hazard: Yes
  • Rental Info:Month To Month: Yes
  • Amenities:Laundry Community: Yes
  • Appliances Included:Free-Standing Gas Oven2: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Vinyl
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Roof: Flat
  • Acres: 0.14
  • Construction Type: See Remarks
  • ConstructionSiding:Roof Flat: Yes
  • Construction:See Remarks2: Yes

Garage/Parking

  • Parking Features: 1 Space Per Unit
  • Total Parking Spaces: 3.0
  • General Property Info:_pound_ Parking Spaces: 3
  • Parking 1 Space Per Unit: Yes

Utilities

  • Appliances: Refrigerator, Free-Standing Gas Oven
  • Cooling: Refrigerated, See Remarks
  • Heating: Central, See Remarks
  • Utilities: All City, All Utilities
  • Sewer: City
  • Green Building Features: Laundry Community, No Landscaping
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: City
  • Heating:Central: Yes
  • Sewer:City4: Yes
  • Heating:See Remarks5: Yes

Schools

  • Junior High Dist: El Paso
  • Middle Or Junior School: Bassett

Lot Info

  • Parcel Number: M79499907702200
  • Zoning: R1
  • Lot Size Sq Ft: 6098.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electricity, Gas

Tax Info

  • Year: 2024
  • Tax Annual Amount: 3448.14

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 9967.8
  • Annual Operating Expense: 7175.2

MLS Schools

  • Elementary School: Crockett
  • HighSchool: Capt J L Chapin High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2024
Closed on
Dec 9, 2024
Sold by
Central Begalu Realty Llc
Bought by
Delgado Ezequiel
Seller's Agent
Vanesa McCann
Keller Williams Realty
Buyer's Agent
Yolanda Marquez
Home Pros Real Estate Group
List Price
$152,500
Views
24
Current Estimated Value
$197,910

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
74.78%

Purchase Details

Closed on
Mar 20, 2023
Sold by
Lopez Magali
Bought by
Central Begalu Realty Llc

Purchase Details

Closed on
Aug 7, 2019
Sold by
Rogers Evangelina
Bought by
Lopez Magali

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 9, 2009
Sold by
Hobson James and Hobson Kinna M
Bought by
Bernal Ivan Ramos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,000
Interest Rate
5.99%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 5, 1999
Sold by
Long Kanthong
Bought by
Hobson James and Hobson Kinna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,000
Interest Rate
6.8%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Special Warranty Deed -- --
Vendors Lien -- None Available
Vendors Lien -- None Available
Vendors Lien -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $66,500 New Conventional
Previous Owner $40,000 Purchase Money Mortgage
Previous Owner $67,000 Seller Take Back
Previous Owner $31,000 Unknown
Previous Owner $17,000 No Value Available
Closed $27,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/24/2024 12/24/24 Sold -- -- --
12/13/2024 12/13/24 Sold -- -- --
11/09/2024 11/09/24 Pending -- -- --
11/09/2024 11/09/24 Pending -- -- --
09/17/2024 09/17/24 For Sale $152,500 0.0% $132 / Sq Ft
09/16/2024 09/16/24 For Sale $152,500 -- $132 / Sq Ft
Source: Greater El Paso Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $3,236 $95,464 $14,256 $81,208
2022 $2,179 $73,614 $14,256 $59,358
2021 $1,989 $63,709 $14,256 $49,453
2020 $2,097 $68,213 $14,256 $53,957
2018 $2,019 $68,213 $14,256 $53,957
2017 $1,813 $64,370 $14,256 $50,114
2016 $1,813 $64,370 $14,256 $50,114
2015 $1,914 $69,381 $14,256 $55,125
2014 $1,914 $69,938 $14,256 $55,682
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater El Paso Association of REALTORS®

MLS Number: 908830

Greater El Paso Association of REALTORS®

APN: M794-999-0770-2200