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Property profile

1503 Heritage Dr Pharr, TX 78577

OFF-MARKET
Apartment buildings
Built 2021
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Property summary

AI-generated overview

This exceptional investment opportunity presents a newly constructed four-unit apartment building located at 1503 W Heritage Drive, Pharr, Texas, 78577. Built in 2021, this property boasts a total of four units, spread across two buildings, situated on a generous 9,199.87 square foot lot. Each unit offers a spacious two-bedroom, two-bathroom layout, designed for comfortable living. The property's prime location in a desirable Pharr neighborhood provides easy access to highly-rated schools, numerous shopping centers, and a variety of recreational facilities. The convenient proximity to US Highway 281 ensures effortless commuting. The open floor plans within each unit seamlessly integrate the living room and gourmet kitchen, featuring high-end stainless steel appliances, elegant granite countertops, and ample cabinet storage. This property represents a strong investment opportunity in a thriving Texas market, offering a blend of modern amenities and a strategic location. The asking price for this turnkey multifamily investment is $535,000. This property is ready for immediate occupancy and income generation.

Property profile

Verified
Property type Apartment buildings
Year built 2021

Cap rate & NOI

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

Location

1503 Heritage Dr 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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