3815 Alameda Avenue, El Paso, TX 79905

Property Description

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.