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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

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.;
More about this property
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