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Property profile

1804 Violet Dr Pharr, TX 78577

OFF-MARKET
Apartment buildings
Built 2024
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Property summary

AI-generated overview

This exceptional fourplex investment property, located at 1804 W Violet Drive in Pharr, Texas, presents a rare opportunity for savvy investors. Completed in October 2024, this brand-new property boasts two buildings, each housing two distinct units. The property sits on a generous 10,398.208 square foot lot, offering ample space and potential for future development. The modern design features a consistent gray neutral color scheme throughout, creating a clean and sleek aesthetic. Each unit is meticulously crafted, with two different floor plans available. Two units offer 3 bedrooms and 2 bathrooms, spanning 1,111 square feet each, while the other two units provide 2 bedrooms and 2 bathrooms, encompassing 953 square feet each. The property's prime location, conveniently situated off Jackson Road between Sioux Road and Ferguson Road, ensures high occupancy rates and strong rental income potential. The asking price is $560,000, representing a compelling investment opportunity in a thriving Texas market. This property is projected to deliver a significant return on investment, making it an ideal addition to any portfolio. Don't miss this chance to acquire a newly constructed, high-quality multifamily property in a desirable location. Contact us today to schedule a showing.

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

1804 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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