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    3530 Pera Ave El Paso, TX 79905

    Sponsored
    For Sale
    $650,000

    COMMERCIAL - El Paso, TX

    Lot size:
    0.16 Acres
    Days on Market:
    304
    Last Refresh:
    Jan 10 at 7:06 am

    Property Features for 3530 Pera Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    A3
    APN
    E01499900704100
    Fireplace
    1
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Evaporative Cooling

    Building Details

    Floors in Building
    2

    Keller Williams Realty (915) 603-5293 [email protected]

    Listing agent Luis Manuel Portugal (915) 892-1694

    Listing date Mar 13, 2025

    Copyright © 2025 Greater El Paso Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Complex with Commercial Units

    This multifamily complex in El Paso, Texas, presents an investment opportunity with 10 residential and 2 commercial units. Located in the Empowerment Zone, the property benefits from accessibility to Ciudad Juarez, indicating high demand and growth potential. Eighty percent of the units have been remodeled, offering updated living spaces for tenants. The commercial units provide additional revenue streams, contributing to a 7.04% CAP rate. The property is located on a lot of 0.16 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.451183
    Latitude
    31.772173

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    FAQs

    What type of property is this?
    Apartment building - Multifamily complex with commercial units in El Paso, TX.
    Where is this apartment building located?
    The property is located at 3530 Pera Ave El Paso, TX.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - High Income Potential: Multifamily complex with 10 residential and 2 commercial units.; - Strong Return on Investment: Boasts a 7.04% CAP rate.; - Remodeled Units: 80% of residential units are updated.
    (915) 892-1694
    Request Owner's contact information
    3530 Pera Ave El Paso, TX 79905
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    El Paso, TX 79905
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3530 Pera Ave El Paso, TX 79905
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