Fully Leased Residential Income
1403 West Kiwi Avenue Pharr, TX 78577
1403 West Kiwi Avenue, Pharr, TX, 78577
$525,000
For Sale
$525,000
Residential Multi Family, Other - Pharr, TX
Property Size5,656 SF
Lot Size0.19 Acres
Price / SF$92.82
Days on Market38
Property Features for 1403 West Kiwi Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 5,656 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Expense value
- 45.830001831055
- Expense
- Home Owner Assessments Fee
Building Details
- Year built
- 2013
- Architectural style
- Other
Listing Agency
NextHome RGV Realty
(956) 283-6338
5400 Ware Road., TX
Listed by
Jessika Juraidini · License #754151,PersonLicenseNumber
(956) 592-3676
Added: Jun 10 Checked: Jul 17 at 9:06 am
MLS# 503653
Listing URL
Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully leased residential income property is located in Pharr, Texas and is described as a gated community within Sugar Creek. The property was built in 2013 and is presented as well maintained, with units having patios and well-distributed floor layouts.
The seller states the asset is near major roads and shopping centers, and that it benefits from growth in the surrounding Edinburg area for multifamily properties.
With a lot size of 0.19 acres and a total property size of 5,656 square feet, the offering is positioned as an investment opportunity with immediate occupancy per the provided remarks.
The seller states the asset is near major roads and shopping centers, and that it benefits from growth in the surrounding Edinburg area for multifamily properties.
With a lot size of 0.19 acres and a total property size of 5,656 square feet, the offering is positioned as an investment opportunity with immediate occupancy per the provided remarks.
Key Highlights
- Built in 2013 and located in the Sugar Creek gated community in Pharr, TX
- Property is fully leased, providing immediate rental income for investors
- Every unit is reported as well maintained
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.7k | $16.56 |
| − Vacancy | −$10.9k | −$1.92 |
| EGI | $82.8k | $14.64 |
| − OpEx | −$37.3k | −$6.59 |
| NOI | $45.5k | $8.05 |
5,656 SF · lease $16.56/SF/yr · vacancy 11.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$650.6K
$569.2K – $759.0K
NOI $45,539 @ 7.0% cap · market cap 8.67%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$4.26M
$3.73M – $4.97M
NOI $298,213 @ 7.0% cap · market cap 56.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Residential income property - Well-maintained multifamily investment built in 2013, offered fully leased and described as featuring patios.
Where is this residential income property located?
The property is located at 1403 West Kiwi Avenue Pharr, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Built in 2013 and located in the Sugar Creek gated community in Pharr, TX; Property is fully leased, providing immediate rental income for investors; Every unit is reported as well maintained
