4-Unit Quadplex in Gated
New
For Sale
$395,000
3606 S Wyndham Avenue, Pharr, TX 78577
All residences are leased, with each offering a two-bedroom, two-bathroom layout.
Property Size3,726 SF
Price / SF$106.01
Days on Market3
Property Features for 3606 S Wyndham Avenue
General Information
Standard status
Active
Size
3,726 SF
Property subtype
Quadruplex
Occupancy
100%
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Amenities
gated community
Building Details
Year Built
2007
Listing Agency:
Texus Realty
Listed By:
Israel Gutierrez · License #0558344
(512) 846-9332
Source:
Texusrealty
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 2:13AM
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 Texus Realty
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Investment Insights
Based on property information with market context.
Built in 2007, this Pharr quadplex contains four residences totaling 3,726 square feet. Each unit has two bedrooms and two bathrooms, and the property is fully leased. The community is gated.
Shopping centers, restaurants, schools, and major roadways are identified in the surrounding area.
Shopping centers, restaurants, schools, and major roadways are identified in the surrounding area.
Key Highlights
- Four units, each with 2 bedrooms and 2 bathrooms
- Fully leased property
- 3,726 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,584
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,680
$651.7K
Cap Rate 7%
$465,486
$465.5K
Cap Rate 9%
$362,044
$362.0K
Market Conditions
NOI Build-Up for 3,726 SF
Gross rent
$52.3K $14.04/SF
− Vacancy
−$5.8K −$1.55/SF
EGI
$46.5K $12.49/SF
− OpEx
−$14.0K −$3.75/SF
NOI
$32.6K $8.74/SF
Area
Hidalgo County, TX
Vacancy
11.02%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,680
Cap Rate 7%
$465,486
Cap Rate 9%
$362,044
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 authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
83
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?
Quadplex - All residences are leased, with each offering a two-bedroom, two-bathroom layout.
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: Four units, each with 2 bedrooms and 2 bathrooms; Fully leased property; 3,726 square feet
