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    2821 Charlotte Dr Pharr, TX 78577

    For Sale
    $295,000

    Three-unit apartment building, great potential.

    Property size:
    3,220 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional three-unit apartment building located at 2821 Charlotte Drive, Pharr, Texas, presents a compelling investment opportunity. Situated on a spacious 9,399.81 square foot lot within a gated community boasting a pool and golf course, this property offers stunning golf course views. The building, constructed in 1983, comprises a total of 3,220 square feet and features three individual units currently generating rental income. Unit rental rates are currently $1000, $1000, and $700 respectively. While the property presents an excellent income stream, prospective buyers should be aware that some renovations and repairs may be necessary. The property's location in Pharr, Hidalgo County, Texas (zip code 78577) provides convenient access to local amenities and services. This is a rare chance to acquire a multifamily property in a desirable location with significant upside potential. The asking price for this turnkey investment is $295,000. Serious inquiries are encouraged. Coordinates: 26.161706, -98.1874262.

    Property Features for 2821 Charlotte Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,220 SF

    Building Details

    Year Built
    1983
    Buildings
    1
    Units
    3

    HighLights

    • Three‑unit apartment building in desirable Pharr, TX location.
    • Situated on a 9,399.81 sq ft lot in a gated community with pool and golf course views.
    • 3,220 sq ft building constructed in 1983, generating current rental income of $2,700/month ($1000, $1000, $700).
    • Property requires some renovations and repairs.
    • Asking price: $295,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1874262
    Latitude
    26.161706

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    FAQs

    What type of property is this?
    Multifamily property - Three-unit apartment building, great potential.
    Where is this multifamily property located?
    The property is located at 2821 Charlotte Dr Pharr, TX.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Three-unit apartment building in desirable Pharr, TX location.; Situated on a 9,399.81 sq ft lot in a gated community with pool and golf course views.; 3,220 sq ft building constructed in 1983, generating current rental income of $2,700/month ($1000, $1000, $700).
    Request Owner's contact information
    2821 Charlotte Dr Pharr, TX 78577
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    Pharr, TX 78577
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2821 Charlotte Dr Pharr, TX 78577
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