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    1700 New Orleans Cir Pharr, TX 78577

    For Sale
    $2,300,000

    14 Units, 2023 Construction, High ROI

    Property size:
    12,894 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 14-unit apartment complex presents a compelling investment opportunity in the thriving city of Pharr, Texas. Completed in 2023, the property boasts three buildings situated on a substantial 30,928 square foot lot. The complex comprises a total of 12,894 square feet of living space, with each of the fourteen units offering a generous 921 square feet. Every unit is equipped with two bedrooms, two bathrooms, and a full complement of appliances, including in-unit washers and dryers, enhancing tenant appeal and minimizing maintenance concerns. Located at 1700 New Orleans Circle, Pharr, TX 78577, this property is ideally positioned to capitalize on the strong rental market demand in the area. The modern construction and well-appointed units promise consistent rental income and long-term appreciation potential. This turnkey investment is ready for immediate occupancy and offers a rare chance to acquire a high-performing multifamily asset in a desirable location. The property's strong rental income potential makes it an attractive proposition for investors seeking a reliable and profitable addition to their portfolio. Don't miss this chance to secure a piece of Pharr's vibrant real estate market.

    Property Features for 1700 New Orleans Cir

    General Information

    Property type
    Multifamily properties
    Square Feet
    12,894 SF

    Building Details

    Year Built
    2023
    Buildings
    3
    Units
    14

    HighLights

    • 14‑unit apartment complex in Pharr, TX.
    • Each unit offers 2 bedrooms, 2 bathrooms, and 921 square feet.
    • All units include appliances and in‑unit laundry.
    • Excellent investment opportunity with high rental income potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Hair Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Hotel & Motel 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
    -98.172949
    Latitude
    26.162635

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    FAQs

    What type of property is this?
    Multifamily property - 14 Units, 2023 Construction, High ROI
    Where is this multifamily property located?
    The property is located at 1700 New Orleans Cir Pharr, TX.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: 14-unit apartment complex in Pharr, TX.; Each unit offers 2 bedrooms, 2 bathrooms, and 921 square feet.; All units include appliances and in-unit laundry.
    Request Owner's contact information
    1700 New Orleans Cir 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
    1700 New Orleans Cir Pharr, TX 78577
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