1 / 29-Unit Multifamily in Pharr, TX
TX · listed Jul 18, 2023 (1,198 days)
- $/unit
- $84,444
- ▼ 8% vs TX · 44th pct
- Cap rate
- —
- Gross yield
- 10.7%
- Units
- 9
- 4 bldg · 1999
Financials
- Asking price
- $760,000
- Price per unit
- $84,444
- Price per sq ft
- $95
- Gross rent / year
- $81,000
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- 10.7%gross rent ÷ price
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 9
- Unit mix
- 9 units, the majority being 3 bed / 2 bath
- Buildings
- 4
- Year built
- 1999
- Building size
- 7,998 sq ft
- Avg unit size
- 889 sq ft
- Lot size
- 0.64 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jul 18, 2023
- Days on market
- 1,198 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1846
About this property
This is an amazing opportunity to step into a fully leased, 9 unit apartment complex in Pharr, TX! With a mixture of 9 units, the majority being 3 bed / 2 bath, this complex is as turn key as it gets! With GOI of almost $81k, this is a property that is not only strong and vibrant now, but also has a strong upside were the new owner to decide to take action. All leases are on 12 months, and the roof was recently replaced in 2016. The HVAC and water heater units are less than 7 years old for most units. Lots of parking and a very desirable location round out this great investment! Call today before its too late!
Multifamily | 9 Units
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Pharr, TXStabilized | $798K | $100K$100K | 6.4% |
 Pharr, TXStabilized | $1.59M | $114K$114K | 10.4%gy |
 Hidalgo, TXNew construction | $525K | $66K$66K | — |
 Pharr, TX | $520K | $65K$65K | 7% |
 Pharr, TXStabilized | $520K | $65K$65K | 7% |
 Hidalgo, TXStabilized | $495K | $83K$83K | — |