3530 Pera Avenue, El Paso, TX 79905

$650,000

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List Price
$650,000
Status
ACTIVE
Days on Market
514
MLS#
918623
Subtype
Commercial Sale
Acres
0.16
Subdivision
East El Paso

Property 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!

Additional Information

Heating
Central
Stories
2

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Luis Manuel Portugal () from Listing Office: Keller Williams Realty.