Overview
Description
Excellent investment opportunity! This multifamily/apartment complex features 10 residential and 2 commercial units, making it a versatile income-producing property. With 80% of the units remodeled, tenants enjoy updated and comfortable living spaces. Strategically located in the Empowerment Zone, one of the most accessible areas to/from Ciudad Juárez, this property offers high demand and growth potential. The commercial units provide additional revenue streams, contributing to a 7.04% CAP rate, making it ideal for investors seeking a solid return. Don’t miss this chance to own a prime asset in a thriving location!
Address: 3530 Pera Avenue, El Paso, TX 79905
City: El Paso
Area: East El Paso
State/County: El Paso
Zip: 79905
Country: United States
Property Id: 76343
Price: $ 650,000
Property Lot Size: 0 ac
TaxAnnualAmount: 8523
InternetConsumerCommentYN: 1
InternetAutomatedValuationDisplayYN: 1
StreetNumberNumeric: 3530
ContractStatusChangeDate: 2025-03-12
ListAgentFullName: Luis Manuel Portugal
InternetAddressDisplayYN: 1
OnMarketDate: 2025-03-12
InternetEntireListingDisplayYN: 1
HighSchoolDistrict: El Paso
ListAgentLastName: Portugal
Cooling: Evaporative Cooling,Refrigerated
CumulativeDaysOnMarket: 8
ListingAgreement: Exclusive Right To Sell
ElementarySchool: Zavala
ListAgentFirstName: Luis
MajorChangeType: New Listing
LotSizeUnits: Acres
DocumentsCount: 1
TaxLegalDescription: 7 EAST EL PASO 17 & 18 (7000 SQ FT)
LotSizeSquareFeet: 6969.6
MiddleOrJuniorSchool: Henderson
ListingId: 918626
YearBuilt: 1940
MobileWidth: 12
SourceSystemName: Greater El Paso Association of REALTORS®
SourceSystemKey: 20250312231010422483000000
StateOrProvince: TX
ListOfficeName: Keller Williams Realty
SpecialListingConditions: None
OriginatingSystemKey: 20250312231010422483000000
PhotosCount: 15
ListingTerms: Cash,Conventional
LockBoxType: None
GrossIncome: 65040
BuildingAreaTotal: 5883
OriginatingSystemName: Greater El Paso Association of REALTORS®
Utilities: All City,All Utilities
Sewer: City
BuildingFeatures: None
ListingContractDate: 2025-03-10
StreetSuffix: Avenue
OriginatingSystemID: M00000595
StreetNumber: 3530
StreetName: Pera
ListOfficeMlsId: 411
MobileLength: 3
HighSchool: Jefferson
MlsStatus: Active
Roof: Flat
LotSizeArea: 0.16
SourceSystemID: M00000595
ParcelNumber: E01499900704100
ListAgentMlsId: 7061
ParkingFeatures: On Street
Zoning: A3
TaxYear: 2024
Heating: Central
ConstructionMaterials: Adobe,Stucco
DaysOnMarket: 8
WaterSource: City
Contract_sp_Information_co_List_sp_Price2: 650000
Contract_sp_Information_co_List_sp_PriceSqFt: 110.49
Contract_sp_Information_co_Listing_sp_Type: Exclusive Right To Sell
Location_sp_Tax_sp_Legal_co_Zoning2: A3
Location_sp_Tax_sp_Legal_co_Middle_sp_School: Henderson
Location_sp_Tax_sp_Legal_co_High_sp_School: Jefferson
Location_sp_Tax_sp_Legal_co_Tax_sp_Year2: 2024
Location_sp_Tax_sp_Legal_co_Parcel_sp_ID: E01499900704100
Location_sp_Tax_sp_Legal_co_Legal2: 7 EAST EL PASO 17 & 18 (7000 SQ FT)
General_sp_Property_sp_Info_co_Apx_sp_Acres2: 0.16
General_sp_Property_sp_Info_co_Total_sp_Units: 12
General_sp_Property_sp_Info_co_Flood_sp_Zone3: No
Remarks_sp_Misc_co_Public_sp_Remarks2: Excellent investment opportunity! This multifamily/apartment complex features 10 residential and 2 commercial units, making it a versatile income-producing property. With 80% of the units remodeled, tenants enjoy updated and comfortable living spaces. Strategically located in the Empowerment Zone, one of the most accessible areas to/from Ciudad Juárez, this property offers high demand and growth potential. The commercial units provide additional revenue streams, contributing to a 7.04% CAP rate, making it ideal for investors seeking a solid return. Don't miss this chance to own a prime asset in a thriving location!
Exemptions_co_Unknown2: 1
Lockbox_sp_Type_co_None18: 1
Amenities_co_None3: 1
Parking_co_On_sp_Street: 1
Roof_co_Flat: 1
Utilities_co_All_sp_City: 1
Utilities_co_All_sp_Utilities2: 1
Other Features
Has Cooling System
Has Heating System
See Remarks
$ 3,332.68
per month
- Principal and Interest
- Property Tax
- HOA fee
$ 2,520.18
Sat
07
Feb
Sun
08
Feb
Mon
09
Feb
Tue
10
Feb
Wed
11
Feb
Thu
12
Feb
Fri
13
Feb
Sat
14
Feb
Sun
15
Feb
Mon
16
Feb
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