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    744 Hall Acres Rd Pharr, TX 78577

    For Sale
    $1,300,000

    8-unit apartment building, high NOI.

    Property size:
    10,368 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 8-unit apartment building, located at 744 W Hall Acres Rd, Pharr, TX 78577, presents a compelling investment opportunity. Built in 2022, this Class B property offers 10,368 square feet of net rentable space across a single, two-story building situated on a 13,303 square foot lot. The property boasts 100% occupancy, generating a strong net operating income (NOI) of $90,680, resulting in a 6.98% cap rate and a pro-forma cap rate of 6.39%. Each of the eight units features three bedrooms and two and a half bathrooms, with a spacious 1300+ square feet of living area. The asking price is $1,300,000, translating to $162,500 per unit. The property is zoned for multi-family use and benefits from its proximity to elementary and middle schools. This stabilized, owner-user investment opportunity offers significant potential for long-term financial returns. The Hidalgo County APN is B2710-00-000-0003-00. While all information is believed to be accurate, potential buyers are urged to conduct their own due diligence.

    Property Features for 744 Hall Acres Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    10,368 SF
    Class
    B

    Building Details

    Year Built
    2022
    Buildings
    1
    Stories
    2
    Units
    8

    HighLights

    • Walkable to elementary and middle schools.
    • Spacious 1300+ sq ft units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.198219
    Latitude
    26.1677832

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    FAQs

    What type of property is this?
    Multifamily property - 8-unit apartment building, high NOI.
    Where is this multifamily property located?
    The property is located at 744 Hall Acres Rd Pharr, TX.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Walkable to elementary and middle schools.; Spacious 1300+ sq ft units.;
    Request Owner's contact information
    744 Hall Acres Rd 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
    744 Hall Acres Rd Pharr, TX 78577
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