Fully Leased
For Sale
Contact for pricing
3904 Sheraton Avenue, Pharr, TX 78577
Four-unit residential income property in a gated community with all units leased.
Property Size3,942 SF
Price / SF$96.40
Days on Market9
Property Features for 3904 Sheraton Avenue
General Information
Standard status
Active
Size
3,942 SF
Total Parking Spaces
8
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
4
Amenities
gated community
Building Details
Year Built
2010
Buildings
2
Units
4
Listing Agency:
Encore Fine Properties
(956) 821-6170
Listed By:
Berenice Gonzalez · License #TX-774202
Source:
Crexi
Added: Jul 28
Changed: Aug 4
Last Checked: Aug 4 at 4:32AM
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 Encore Fine Properties
Investment Insights
Based on property information with market context.
This four-unit residential property is fully leased and situated within a gated community. The building offers an established multifamily configuration for an investor seeking occupied residential income space.
The property is located at 3904 Sheraton Avenue in Pharr, Texas. Its current leased status and gated setting are the primary documented features of the offering.
The property is located at 3904 Sheraton Avenue in Pharr, Texas. Its current leased status and gated setting are the primary documented features of the offering.
Key Highlights
- Four‑unit multifamily property
- Fully leased
- Located in a gated community
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 | $55.3k | $14.04 |
| − Vacancy | −$6.1k | −$1.55 |
| EGI | $49.2k | $12.49 |
| − OpEx | −$14.8k | −$3.75 |
| NOI | $34.5k | $8.74 |
3,942 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$492.5K
$430.9K – $574.6K
NOI $34,473 @ 7.0% cap · market cap 9.07%
Second Best
Apartment 5plus
$453.4K
$396.7K – $529.0K
NOI $31,739 @ 7.0% cap · market cap 8.35%
Theoretical Best
Hotel Hospitality
$2.97M
$2.60M – $3.46M
NOI $207,842 @ 7.0% cap · market cap 54.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property in a gated community with all units leased.
Where is this quadplex located?
The property is located at 3904 Sheraton Avenue Pharr, TX.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Four‑unit multifamily property; Fully leased; Located in a gated community
