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    1304 Heritage Dr Pharr, TX 78577

    For Sale
    $560,000

    Four-unit apartment building, excellent income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional four-unit apartment building presents a compelling investment opportunity in the thriving city of Pharr, Texas. Constructed in 2022, this property boasts a substantial 12,374.96 square foot lot and comprises four individual buildings, each a spacious three-bedroom, two-bathroom unit. Currently occupied by tenants, this property offers immediate and consistent rental income. The strategic location on 1304 W Heritage Drive provides convenient access to major roadways, ensuring easy commutes for residents. Furthermore, the proximity to a variety of shopping and dining options enhances the property's appeal to tenants. The asking price for this turnkey investment is $560,000. This well-maintained property represents a rare opportunity to acquire a high-yield, multi-family investment in a rapidly growing Texas market. The property's modern construction and desirable location combine to create a strong foundation for long-term financial success. This is an ideal investment for those seeking a stable and profitable addition to their portfolio. The property is located in Hidalgo County, Texas, with a zip code of 78577.

    Property Features for 1304 Heritage Dr

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2022
    Buildings
    4
    Units
    4

    HighLights

    • $560,000 asking price.
    • Four‑unit multifamily apartment building.
    • Four buildings on a 12,374.96 sq ft lot.
    • Built in 2022.
    • Each unit features 3 bedrooms and 2 bathrooms.
    • Located in Pharr, TX, offering convenient access to major roads, shopping, and dining.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1914893
    Latitude
    26.225539

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, excellent income.
    Where is this multifamily property located?
    The property is located at 1304 Heritage Dr Pharr, TX.
    What is the asking price?
    The asking price for this property is $560,000.
    What are key features of this property?
    This property features: $560,000 asking price.; Four-unit multifamily apartment building.; Four buildings on a 12,374.96 sq ft lot.
    Request Owner's contact information
    1304 Heritage Dr 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
    1304 Heritage Dr Pharr, TX 78577
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