Multifamily Fixer-Upper
1360 Aleli Road San Elizario, TX 79849
For Sale
$265,000
Three-home residential income property is available for sale as-is, with two remaining month-to-month tenants.
Property Size1,316 SF
Price / SF$201.37
Days on Market376
Property Features for 1360 Aleli Road
General Information
- Standard status
- Active
- Size
- 1,316 SF
- Property subtype
- Multi-Family / House Plus Unit(s)
Building Details
- Year Built
- 2008
Listing Agency:
Cornerstone Realty
(915) 525-7966
Listed By:
Ginesa R R. Snelling · License #0688730
Source:
Compass
Added: Jul 14, 2025
Changed: Jul 23
Last Checked: Jul 23 at 7:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cornerstone Realty
Investment Insights
Based on property information with market context.
This is a fixer-upper multifamily residential income property with a total of three homes. One home has been split into three separately rented units. At the time of listing, two tenants remain and are on month-to-month terms. The property is being sold as-is.
The property is located at 1360 Aleli Road in San Elizario, Texas.
Prospective buyers should review the current unit configuration and on-site condition, including the split arrangement, as the property is offered without repairs or improvements.
The property is located at 1360 Aleli Road in San Elizario, Texas.
Prospective buyers should review the current unit configuration and on-site condition, including the split arrangement, as the property is offered without repairs or improvements.
Key Highlights
- Three‑home residential income property in San Elizario, TX, sold as‑is
- One home has been split into 3 units and rented individually
- Two remaining tenants are month‑to‑month
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.4k | $14.76 |
| − Vacancy | −$1.2k | −$0.93 |
| EGI | $18.2k | $13.83 |
| − OpEx | −$8.2k | −$6.22 |
| NOI | $10.0k | $7.61 |
1,316 SF · lease $14.76/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$143.0K
$125.1K – $166.8K
NOI $10,010 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$237.8K
$208.1K – $277.5K
NOI $16,648 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Three-home residential income property is available for sale as-is, with two remaining month-to-month tenants.
Where is this apartment building located?
The property is located at 1360 Aleli Road San Elizario, TX.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Three‑home residential income property in San Elizario, TX, sold as‑is; One home has been split into 3 units and rented individually; Two remaining tenants are month‑to‑month
