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31120523
31120551

3400 Wickham Ave, El Paso, TX 79904

United Realty Group
Listed by United Realty Group
$240,000
78 days on market
Updated 78 days ago

Duplex Income Producing Property

Details
APN L447-999-087D-5700
Property Type Multifamily
Sub Type Apartment Building, Single Family Rental Portfolio
Square Footage 1,826
Cap Rate 7.5%
NOI $18,000
Occupancy 100%
Pro-Forma Cap Rate 9.17%
Pro-Forma NOI $22,000
Price per SqFt $131
Class C
Year Built 1983
Buildings 1
Stories 1
Acreage 0.170
Investment Type Value Add
Occupancy Date 03/17/2026
Sale Condition For sale by owner

Multifamily | $120,000/unit

Marketing description

INCOME PRODUCING DUPLEX OPPORTUNITY!

Unit 3402: 3 bedrooms | 1 bathroom | $950/month

👉 Total current income: $1,875/month ($22,500 annually)

👉 Tenants pay all utilities – minimizing owner expenses

Both units are leased with solid terms, providing immediate and reliable income:

Lease 1 through February 2027

Lease 2 through November 2026

Located on a spacious lot with ample parking, private driveway, and low-maintenance landscaping, the property also benefits from an elevated setting with open mountain views and convenient access to major roads, shopping, and Fort Bliss.

💡 Value-Add Opportunity:

Current rents are below market, offering the potential to increase income to approximately $2,200–$2,400/month over time, significantly improving returns.

✔️ Stabilized asset with long-term tenants

✔️ Strong rental demand area

✔️ Investor-friendly layout

✔️ Excellent for long-term appreciation

Whether you’re expanding your portfolio or securing your first income property, this duplex delivers the combination of cash flow, stability, and growth potential.

📈 Opportunities like this are limited—schedule your showing today.

Listing Contacts

United Realty Group
Listed by United Realty Group

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$18,000.00
$1,500.00/mo

Valuation Metrics

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DSCR
7.5%
Cap Rate
7.5%
ROI

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