High yield
$850,000
16-Unit Multifamily in Pharr, TX
Hidalgo County, TX · listed May 21, 2024 (890 days)
Price per unit compared
This property$53K
Within ~40 mi (200)$82K
Texas median (1,196)$92K
- $/unit
- $53,125
- ▼ 42% vs TX · 15th pct
- Cap rate
- 10.5%
- ▲ 3.1 pts vs TX median
- NOI
- $89K
- $5,578/unit/yr
- Units
- 16
- 2 bldg · 1993
Financials
- Asking price
- $850,000
- Price per unit
- $53,125
- Price per sq ft
- Not stated
- Gross rent / year
- Not stated
- Net operating income
- $89,250
- NOI per unit
- $5,578
- Cap rate
- 10.5%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 16
- Unit mix
- Not stated
- Buildings
- 2
- Year built
- 1993
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- Not stated
- Condition
- Not stated
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- May 21, 2024
- Days on market
- 890 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 2190
About this property
Welcome to (address on request), a lucrative investment property offering 16 units in Pharr, Texas. Built in 1993, this very well maintained asset generates a net operating income of $89,250, boasting an impressive 10.5% cap rate (not including management expenses). Priced at $850,000, the owner is willing to sell the property in two or willing to give a discount to a buyer who buys the whole apartment complex, promising steady rental income and TONS of potential for growth. Don't miss out—schedule a viewing today!
Multifamily | 16 Units
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Mcallen, TXHigh yieldStabilized | $1.75M | $88K$88K | 9% |
 Pharr, TXStabilized | $2.22M | $82K$82K | — |
 Pharr, TXStabilized | $520K | $65K$65K | 7% |
 Pharr, TXStabilized | $880K | $73K$73K | — |
 Pharr, TX | $520K | $65K$65K | 7% |
 Mcallen, TXOwner financingStabilized | $650K | $81K$81K | — |