9-Unit Apartment
New
For Sale
$760,000
8005 Cisne Street, Pharr, TX 78577
All apartments are leased on 12-month agreements, with most offering three bedrooms and two bathrooms.
Property Size7,998 SF
Price / SF$95.02
Days on Market2
Property Features for 8005 Cisne Street
General Information
Standard status
Active
Size
7,998 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Multifamily Units
9
Tenant in Place
Yes
Building Details
Year Built
1999
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Oct 31
Changed: Nov 1
Last Checked: Nov 1 at 1:41AM
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 SANETI REALTY GROUP
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Investment Insights
Based on property information with market context.
Built in 1999, this 9-unit apartment property contains 7,998 square feet. Most apartments have three bedrooms and two bathrooms, and the property is fully leased under 12-month agreements.
The roof was replaced in 2016. HVAC systems and water heaters are less than 7 years old in most units.
The roof was replaced in 2016. HVAC systems and water heaters are less than 7 years old in most units.
Key Highlights
- 9‑unit apartment property with 7,998 square feet
- Most apartments have 3 bedrooms and 2 bathrooms
- Fully leased with 12‑month agreements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,396
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,287,920
$1.3M
Cap Rate 7%
$919,943
$919.9K
Cap Rate 9%
$715,511
$715.5K
Market Conditions
NOI Build-Up for 7,998 SF
Gross rent
$132.4K $16.56/SF
− Vacancy
−$15.4K −$1.92/SF
EGI
$117.1K $14.64/SF
− OpEx
−$52.7K −$6.59/SF
NOI
$64.4K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,287,920
Cap Rate 7%
$919,943
Cap Rate 9%
$715,511
Alternative Uses
Best Use
Apartment 5plus
$919.9K
$805.0K – $1.07M
NOI $64,396 @ 7.0% cap · market cap 8.47%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$6.02M
$5.27M – $7.03M
NOI $421,695 @ 7.0% cap · market cap 55.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
9
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
264
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?
Apartment building - All apartments are leased on 12-month agreements, with most offering three bedrooms and two bathrooms.
Where is this apartment building located?
The property is located at 8005 Cisne Street Pharr, TX.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: 9‑unit apartment property with 7,998 square feet; Most apartments have 3 bedrooms and 2 bathrooms; Fully leased with 12‑month agreements
