301-303 Palm Dr Pharr, TX 78577
High-Yield Multifamily Investment in Texas
Description
- Added:
- Dec 11, 2024
- Days on Market:
- 367
Property Features for 301-303 Palm Dr
General Information
- Property type
- Multifamily properties
- Class
- C
Building Details
- Year Built
- 1986
- Buildings
- 2
- Stories
- 2
- Units
- 20
HighLights
- 20‑unit apartment complex in Pharr, TX, on a 31,852.81 sq ft lot.
- Two two‑story buildings (1986 construction) with a mix of 750 sq ft and 875 sq ft units; each unit includes one parking space.
- Currently 100% occupied, generating a $92,706 NOI (5.79% cap rate); pro forma projections show $140,657 NOI (8.79% cap rate).
- Recent renovations include new roofs, AC units, interior drywall, and kitchen appliances. Tenants pay electricity.
- Asking price: $1,600,000 ($80,000 per unit).
Property Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Pharr
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1977937
- Latitude
- 26.1940454
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - High-Yield Multifamily Investment in Texas
Where is this multifamily property located?
The property is located at 301-303 Palm Dr Pharr, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 20-unit apartment complex in Pharr, TX, on a 31,852.81 sq ft lot.; Two two-story buildings (1986 construction) with a mix of 750 sq ft and 875 sq ft units; each unit includes one parking space.; Currently 100% occupied, generating a $92,706 NOI (5.79% cap rate); pro forma projections show $140,657 NOI (8.79% cap rate).
