Fourplex with Private Fenced
New
For Sale
$405,000
3804 S Sheraton Avenue, Pharr, TX 78577
Gated-community property comprises four two-bedroom, two-bath residences with covered parking and in-unit laundry.
Property Size4,056 SF
Days on Market1
Property Features for 3804 S Sheraton Avenue
General Information
Standard status
Active
Size
4,056 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$9,502
Building Details
Building Size
4,056 SF
Year Built
2007
Listing Agency:
Frank Garcia Realty
Listed By:
Frank Garcia
(956) 207-6328
Source:
Primeluxuryrealestate
Added: Nov 1
Last Checked: Nov 1 at 3:57PM
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 Frank Garcia Realty
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Investment Insights
Based on property information with market context.
This 2007 fourplex contains four residences, each with 2 bedrooms, 2 bathrooms, and approximately 1,014 square feet. Interior features include an open kitchen with granite countertops, tile flooring, ceiling fans, and a utility closet equipped with a full-size washer and dryer. Refrigerators and stoves are included in each unit.
Each residence has its own fenced backyard and two assigned covered parking spaces. The property is within the gated Jackson South Apartments community in Pharr, Texas. The listed destinations and retail, dining, and entertainment options are approximately 10–12 minutes away.
Each residence has its own fenced backyard and two assigned covered parking spaces. The property is within the gated Jackson South Apartments community in Pharr, Texas. The listed destinations and retail, dining, and entertainment options are approximately 10–12 minutes away.
Key Highlights
- Four units, each with 2 bedrooms, 2 bathrooms, and approximately 1,014 SF
- Built in 2007
- Gated Jackson South Apartments community in Pharr, TX
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,470
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,400
$709.4K
Cap Rate 7%
$506,714
$506.7K
Cap Rate 9%
$394,111
$394.1K
Market Conditions
NOI Build-Up for 4,056 SF
Gross rent
$56.9K $14.04/SF
− Vacancy
−$6.3K −$1.55/SF
EGI
$50.7K $12.49/SF
− OpEx
−$15.2K −$3.75/SF
NOI
$35.5K $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%
$709,400
Cap Rate 7%
$506,714
Cap Rate 9%
$394,111
Alternative Uses
Best Use
Multifamily LT 5
$506.7K
$443.4K – $591.2K
NOI $35,470 @ 7.0% cap · market cap 8.76%
Second Best
Apartment 5plus
$466.5K
$408.2K – $544.3K
NOI $32,657 @ 7.0% cap · market cap 8.06%
Theoretical Best
Hotel Hospitality
$3.06M
$2.67M – $3.56M
NOI $213,853 @ 7.0% cap · market cap 52.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Gated-community property comprises four two-bedroom, two-bath residences with covered parking and in-unit laundry.
Where is this quadplex located?
The property is located at 3804 S Sheraton Avenue Pharr, TX.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms, 2 bathrooms, and approximately 1,014 SF; Built in 2007; Gated Jackson South Apartments community in Pharr, TX
