27-Unit Apartment
New
For Sale
$2,220,000
1000 W Caffery Avenue, Pharr, TX 78577
The complex is fully leased and offers a mix of one- and two-bedroom apartments.
Property Size20,430 SF
Price / SF$108.66
Days on Market1
Property Features for 1000 W Caffery Avenue
General Information
Standard status
Active
Size
20,430 SF
Property subtype
Apartment
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
26 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
27
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1994
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 1:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SANETI REALTY GROUP
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Investment Insights
Based on property information with market context.
This 27-unit apartment property in Pharr, Texas, was built in 1994 and contains 20,430 square feet. Its unit mix includes 26 apartments with two bedrooms and one bathroom, alongside one apartment with one bedroom and one bathroom. The complex is fully leased.
Jackson Road and Business 83 provide nearby routes for travel, with dining, retail and entertainment options described as minutes away.
Jackson Road and Business 83 provide nearby routes for travel, with dining, retail and entertainment options described as minutes away.
Key Highlights
- 27 apartments in a fully leased complex
- 26 units with 2 bedrooms and 1 bathroom each
- 1 unit with 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,492
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,289,840
$3.3M
Cap Rate 7%
$2,349,886
$2.3M
Cap Rate 9%
$1,827,689
$1.8M
Market Conditions
NOI Build-Up for 20,430 SF
Gross rent
$338.3K $16.56/SF
− Vacancy
−$39.2K −$1.92/SF
EGI
$299.1K $14.64/SF
− OpEx
−$134.6K −$6.59/SF
NOI
$164.5K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,289,840
Cap Rate 7%
$2,349,886
Cap Rate 9%
$1,827,689
Alternative Uses
Best Use
Apartment 5plus
$2.35M
$2.06M – $2.74M
NOI $164,492 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$15.39M
$13.46M – $17.95M
NOI $1,077,172 @ 7.0% cap · market cap 48.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
27
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
Explore this area
Business Placement
Demographics for 78577, TX
79,937
Population
26,568
Households
3
Avg Household Size
30
Median Age
18%
College-Educated
70%
High-School Grad
26.0 sq mi
ZIP Area
3,075
Density / Sq Mi
$49,768
Median Household Income
$28,186
Median Earnings
$988
Median Rent
$111,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The complex is fully leased and offers a mix of one- and two-bedroom apartments.
Where is this apartment building located?
The property is located at 1000 W Caffery Avenue Pharr, TX.
What is the asking price?
The asking price for this property is $2,220,000.
What are key features of this property?
This property features: 27 apartments in a fully leased complex; 26 units with 2 bedrooms and 1 bathroom each; 1 unit with 1 bedroom and 1 bathroom
