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    1503 Heritage Dr Pharr, TX 78577

    For Sale
    $520,000

    Exceptional 4-unit apartment building, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This meticulously maintained, two-building apartment complex presents a compelling investment opportunity in Pharr, Texas. Constructed in 2021, this property boasts four units situated on a spacious 9,199.87 square foot lot at 1503 W Heritage Drive W, 78577. The property's strategic location offers convenient access to major roadways, schools, restaurants, and parks, ensuring strong tenant demand and long-term stability. Two of the four units are currently generating rental income, providing immediate cash flow. The modern design and durable construction materials minimize maintenance costs, maximizing return on investment. The property's solid construction and desirable location make it ideal for both seasoned investors seeking strong rental income and owner-occupants looking for supplemental income by renting out the remaining units. The asking price is $520,000. This represents a rare chance to acquire a well-maintained, high-potential multifamily property in a thriving Texas community. The property's proximity to key amenities and its recent construction contribute to its exceptional value and potential for future appreciation. Don't miss this chance to secure a profitable investment in a rapidly growing area.

    Property Features for 1503 Heritage Dr

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2021
    Buildings
    2
    Units
    4

    HighLights

    • $520,000 asking price.
    • Four‑unit multifamily apartment building.
    • Built in 2021, two buildings on a 9,199 sq ft lot.
    • Located in Pharr, TX, near expressways, schools, and amenities.
    • Two units currently rented, offering strong rental income potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1944762
    Latitude
    26.2256695

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    FAQs

    What type of property is this?
    Multifamily property - Exceptional 4-unit apartment building, prime location.
    Where is this multifamily property located?
    The property is located at 1503 Heritage Dr Pharr, TX.
    What is the asking price?
    The asking price for this property is $520,000.
    What are key features of this property?
    This property features: $520,000 asking price.; Four-unit multifamily apartment building.; Built in 2021, two buildings on a 9,199 sq ft lot.
    Request Owner's contact information
    1503 Heritage 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
    1503 Heritage Dr Pharr, TX 78577
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