Leased Multifamily
For Sale
$510,000
1403 W Kiwi Avenue, Pharr, TX 78577
Built in 2013 within a gated community, with patios serving each unit as additional outdoor space.
Property Size5,656 SF
Days on Market36
Property Features for 1403 W Kiwi Avenue
General Information
Standard status
Active
Size
5,656 SF
Property subtype
Duplex
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$12,557
Building Details
Building Size
5,656 SF
Year Built
2013
Listing Agency:
Imperio Real Estate LLC
Listed By:
Bryanna Hernandez · License #TREC#0755547
(956) 803-0341
Source:
Primeluxuryrealestate
Added: Sep 2
Changed: Sep 24
Last Checked: Oct 5 at 11:38PM
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 Imperio Real Estate LLC
Investment Insights
Based on property information with market context.
This multifamily property in Pharr includes units with practical floor plans and private patio areas that extend usable living space outdoors. Constructed in 2013, the asset is fully leased, providing an established occupancy profile for an owner seeking an income-producing residential property.
The property is located within the gated Sugar Creek community at 1403 W Kiwi, Pharr, TX 78577. Major roadways, shopping centers, restaurants, schools, and daily necessities are located nearby, supporting convenient access around Pharr and the surrounding Rio Grande Valley.
The property is located within the gated Sugar Creek community at 1403 W Kiwi, Pharr, TX 78577. Major roadways, shopping centers, restaurants, schools, and daily necessities are located nearby, supporting convenient access around Pharr and the surrounding Rio Grande Valley.
Key Highlights
- Fully leased multifamily property
- Built in 2013
- Located within the gated Sugar Creek community
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,539
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$910,780
$910.8K
Cap Rate 7%
$650,557
$650.6K
Cap Rate 9%
$505,989
$506.0K
Market Conditions
NOI Build-Up for 5,656 SF
Gross rent
$93.7K $16.56/SF
− Vacancy
−$10.9K −$1.92/SF
EGI
$82.8K $14.64/SF
− OpEx
−$37.3K −$6.59/SF
NOI
$45.5K $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%
$910,780
Cap Rate 7%
$650,557
Cap Rate 9%
$505,989
Alternative Uses
Best Use
Apartment 5plus
$650.6K
$569.2K – $759.0K
NOI $45,539 @ 7.0% cap · market cap 8.93%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$4.26M
$3.73M – $4.97M
NOI $298,213 @ 7.0% cap · market cap 58.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
329
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 2013 within a gated community, with patios serving each unit as additional outdoor space.
Where is this multifamily property located?
The property is located at 1403 W Kiwi Avenue Pharr, TX.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Fully leased multifamily property; Built in 2013; Located within the gated Sugar Creek community
