3815 ALAMEDA AVENUE, EL PASO, TX 79905
Homes for sale in El Paso.
Homes for sale in 79905.
3815 ALAMEDA Avenue
El Paso, TX 79905
List Price$975,000
Listing #943261
About This Property
Please do not disturb Tenants. Prime investment opportunity in the heart of Central El Paso! This unique income-producing property spans nearly a full city block at 3815 Alameda Ave, 0.99 acres zoned C-4 along Alameda and M-1 along Frutas. Ideally located near El Paso Children's Hospital and the Paul L. Foster School of Medicine. The property features a mobile home park with 8 efficiency apartment units, along with a 1134 sq ft building currently leased to a church, providing multiple income streams offers exceptional flexibility for a variety of commercial, industrial, or redevelopment uses. While the improvements are older, the property is functional and currently occupied, with rents well below market--presenting a strong value-add opportunity for investors looking to increase cash flow. With significant upside potential through repositioning, rent adjustments, or redevelopment, this is an ideal project for both seasoned investors and those seeking long-term growth. All tenants are month to month.
Property Features
Location Information
County
El Paso
Longitude
-106.446999
Latitude
31.77365
Subdivision
Woodlawn
Interior Features
Has Fireplace
Yes
Tenant Pays
Electricity, Gas
Heating
Electric
Exterior Features
Stories
1
Lot Size in Acres
0.99
Water Source
City
Lot Size in Sq. Ft.
43,124
Septic or Sewer
Public Sewer
Zoning
C4
Utilities
All City, All Utilities
Flood Zone
Yes
Additional Information
Property Type
COM
Existing Lease Type
None
Tax Year
0
Similar Listings
Mortgage Calculator
$4,552
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$3,513
Monthly Tax
$812
Monthly Insurance
$227
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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