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Property profile

1906 Violet Dr Pharr, TX 78577

OFF-MARKET
Apartment buildings
Built 2024
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Property summary

AI-generated overview

This exceptional investment opportunity presents a newly constructed fourplex located at 1906 W Violet Drive, Pharr, Texas, 78577. Completed in October 2024, this property boasts two buildings, each housing two distinct apartment units. The meticulously designed units offer a modern, neutral color scheme throughout. Two units feature three bedrooms and two bathrooms, each spanning 1,111 square feet. The remaining two units provide two bedrooms and two bathrooms, with a comfortable 953 square feet of living space. Situated on a sizable 10,398.208 square foot lot, this property offers ample space and potential for future expansion or development. The convenient location, off Jackson Road between Sioux Road and Ferguson Road, ensures easy access to local amenities and transportation routes. Priced at $560,000, this fourplex represents a compelling investment opportunity with strong potential for rental income and long-term appreciation. The property's modern design and desirable location make it an attractive option for tenants, promising high occupancy rates and a stable income stream. Don't miss this chance to acquire a high-quality, newly built multifamily property in a thriving Texas market.

Property profile

Verified
Property type Apartment buildings
Year built 2024

Cap rate & NOI

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

Location

1906 Violet 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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