Property profile

901 Sam Houston Blvd Pharr, TX 78577

OFF-MARKET
Land
13.16 ac lot
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Property summary

AI-generated overview

This exceptional 13.16-acre property located at 901 W Sam Houston Boulevard in Pharr, Texas, presents a compelling investment opportunity in the thriving multifamily sector. Currently featuring six fourplex apartment buildings, all of which are currently rented, this property generates immediate cash flow. The property's zoning allows for residential multifamily development, offering significant potential for expansion and increased revenue. Verification with the Planning and Zoning department is recommended to confirm all development possibilities. Situated on a substantial 13.16-acre lot in Hidalgo County, this asset boasts a prime location with easy access to key transportation routes and amenities within the city of Pharr, TX, zip code 78577. The existing six fourplexes provide a stable foundation for future growth, while the substantial undeveloped land offers considerable potential for additional construction, allowing for significant expansion of the existing rental portfolio. The asking price for this remarkable property is $2,200,000. This represents a rare chance to acquire a well-established multifamily complex with substantial room for expansion in a dynamic Texas market. Serious inquiries are encouraged to explore this lucrative investment opportunity further.

Property profile

Verified
Property type Land
Lot 13.16 ac (573,250 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

901 Sam Houston Blvd Pharr, TX 78577
Pharr metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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