Fully Leased Investment
3606 S Wyndham Avenue Pharr, TX 78577
3606 S Wyndham Avenue, Pharr, TX, 78577
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For Sale
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Four-unit multi-family property in Pharr, TX, fully leased.
Property Size3,726 SF
Price / SF$106.01
Days on Market65
Property Features for 3606 S Wyndham Avenue
General Information
- Standard status
- Active
- Size
- 3,726 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2007
Listing Agency
Keller Williams Realty RGV
Listed by
Jaime Lee Gonzalez · License #TXTX
Source
Crexi
Added: May 14 Checked: Jul 16 at 7:56 am
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 Keller Williams Realty RGV
Investment Insights
Based on property information with market context.
This is a fully leased, four-unit multi-family property, presenting an investment opportunity. Located within a gated community in Pharr, each unit features 2 bedrooms and 2 bathrooms. The property offers spacious layouts. The property is well-maintained and provides income potential for investors seeking a turn-key asset. Its location is near shopping centers, restaurants, schools, and major roadways.
Key Highlights
- Fully leased 4‑unit multi‑family property providing immediate income.
- Located in a gated community in Pharr.
- Each unit features 2 bedrooms and 2 bathrooms with spacious layouts.
Local Financial Insights For Multifamily LT 5
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 | $52.3k | $14.04 |
| − Vacancy | −$5.8k | −$1.55 |
| EGI | $46.5k | $12.49 |
| − OpEx | −$14.0k | −$3.75 |
| NOI | $32.6k | $8.74 |
3,726 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$465.5K
$407.3K – $543.1K
NOI $32,584 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$428.6K
$375.0K – $500.0K
NOI $30,000 @ 7.0% cap · market cap 7.59%
Theoretical Best
Hotel Hospitality
$2.81M
$2.46M – $3.27M
NOI $196,453 @ 7.0% cap · market cap 49.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit multi-family property in Pharr, TX, fully leased.
Where is this quadplex located?
The property is located at 3606 S Wyndham Avenue Pharr, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Fully leased 4‑unit multi‑family property providing immediate income.; Located in a gated community in Pharr.; Each unit features 2 bedrooms and 2 bathrooms with spacious layouts.
