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    3700 Sheraton Ave Pharr, TX 78577

    For Sale
    $393,000

    Four-unit apartment building, excellent rental income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional investment opportunity presents a four-unit apartment building situated in a desirable gated community in Pharr, Texas. The property, located at 3700 Sheraton Avenue, boasts a prime location offering convenient access to major expressways, schools, grocery stores, and shopping centers. Built in 2006, this property comprises two buildings situated on a spacious 8,999.93 square foot lot, providing ample space and mature landscaping. All four units are currently leased, generating immediate rental income. Each unit features two bedrooms and two bathrooms, and includes appliances. The property's location within a gated community enhances security and desirability for tenants. This turnkey investment is ideal for those seeking a stable and profitable addition to their portfolio. The property's strong tenant occupancy and convenient location make it a compelling investment opportunity in the thriving Pharr, Texas market. The zip code is 78577, and the Hidalgo County location offers further advantages. This multifamily property presents a rare chance to acquire a well-maintained, income-producing asset in a high-demand area.

    Property Features for 3700 Sheraton Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2006
    Buildings
    2
    Units
    4

    HighLights

    • $393,000 asking price.
    • Four‑unit multifamily apartment building.
    • Located in Pharr, TX, 78577.
    • Built in 2006; two buildings on an 8,999.93 sq ft lot.
    • All units currently leased, generating immediate income; each unit features two bedrooms and two bathrooms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2068365
    Latitude
    26.164108

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, excellent rental income.
    Where is this multifamily property located?
    The property is located at 3700 Sheraton Ave Pharr, TX.
    What is the asking price?
    The asking price for this property is $393,000.
    What are key features of this property?
    This property features: $393,000 asking price.; Four-unit multifamily apartment building.; Located in Pharr, TX, 78577.
    Request Owner's contact information
    3700 Sheraton Ave 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
    3700 Sheraton Ave Pharr, TX 78577
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