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    1804 Violet Dr Pharr, TX 78577

    For Sale
    $560,000

    Fourplex, New Construction, High ROI Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional fourplex investment property, located at 1804 W Violet Drive in Pharr, Texas, presents a rare opportunity for savvy investors. Completed in October 2024, this brand-new property boasts two buildings, each housing two distinct units. The property sits on a generous 10,398.208 square foot lot, offering ample space and potential for future development. The modern design features a consistent gray neutral color scheme throughout, creating a clean and sleek aesthetic. Each unit is meticulously crafted, with two different floor plans available. Two units offer 3 bedrooms and 2 bathrooms, spanning 1,111 square feet each, while the other two units provide 2 bedrooms and 2 bathrooms, encompassing 953 square feet each. The property's prime location, conveniently situated off Jackson Road between Sioux Road and Ferguson Road, ensures high occupancy rates and strong rental income potential. The asking price is $560,000, representing a compelling investment opportunity in a thriving Texas market. This property is projected to deliver a significant return on investment, making it an ideal addition to any portfolio. Don't miss this chance to acquire a newly constructed, high-quality multifamily property in a desirable location. Contact us today to schedule a showing.

    Property Features for 1804 Violet Dr

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2024
    Buildings
    2
    Units
    4

    HighLights

    • Brand new fourplex (2024 construction) in Pharr, TX.
    • Two buildings, each with two units; two 3/2 units (1,111 sq ft each), two 2/2 units (953 sq ft each).
    • Situated on a 10,398.208 sq ft lot.
    • Prime location off Jackson Rd, between Sioux & Ferguson Rds.
    • Asking price: $560,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.196346
    Latitude
    26.2177796

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    FAQs

    What type of property is this?
    Multifamily property - Fourplex, New Construction, High ROI Potential
    Where is this multifamily property located?
    The property is located at 1804 Violet 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: Brand new fourplex (2024 construction) in Pharr, TX.; Two buildings, each with two units; two 3/2 units (1,111 sq ft each), two 2/2 units (953 sq ft each).; Situated on a 10,398.208 sq ft lot.
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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
    1804 Violet Dr Pharr, TX 78577
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