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    803 Emerald Dr Pharr, TX 78577

    For Sale
    $385,000

    Fourplex, 3782 sq ft, high rental income

    Property size:
    3,782 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    Exceptional investment opportunity in Pharr, Texas! This well-maintained fourplex apartment building, built in 2006, offers 3,782 square feet of living space across four units, each featuring two bedrooms and two bathrooms with a carport. Situated on an 8,191.89 square foot lot, the property consists of two buildings and enjoys a peaceful residential location while remaining conveniently close to major highways, including proximity to highways 69C and 281. The property's prime location offers easy access to a wide array of dining and entertainment options in North McAllen. Currently rented, this property provides immediate cash flow and strong annual income potential. The asking price is $385,000. This is a turnkey investment with solid equity and minimal expenses, making it an ideal opportunity for a savvy investor seeking a profitable venture. Don't miss this chance to acquire a lucrative, established rental property.

    Property Features for 803 Emerald Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,782 SF

    Building Details

    Year Built
    2006
    Buildings
    2
    Units
    4

    HighLights

    • $385,000 asking price.
    • Four‑unit multifamily apartment building.
    • 3,782 square feet on an 8,191 square foot lot.
    • Built in 2006, with two buildings.
    • Located at 803 W Emerald Drive, Pharr, TX 78577.
    Property Profile Insight Report 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 Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.188073
    Latitude
    26.2276206

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    FAQs

    What type of property is this?
    Multifamily property - Fourplex, 3782 sq ft, high rental income
    Where is this multifamily property located?
    The property is located at 803 Emerald Dr Pharr, TX.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: $385,000 asking price.; Four-unit multifamily apartment building.; 3,782 square feet on an 8,191 square foot lot.
    Request Owner's contact information
    803 Emerald Dr 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
    803 Emerald Dr Pharr, TX 78577
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