Current Use by Public Records
- Apartment buildings
Property Details for 1900 Violet Dr
- Year built
- 2024
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional investment opportunity presents a brand-new, four-unit apartment building located in the desirable San Diego Crossing subdivision of Pharr, Texas. Completed in 2024, this property boasts a prime location, just five minutes from the Dr. Hostipal At Renaissance and four minutes from Expressway 281, offering convenient access to major roadways and essential services. The property sits on a spacious 10,398.208 square foot lot and comprises a single building housing all four units. Each unit is equipped with modern appliances, including a refrigerator, stove, microwave, washer, and dryer, enhancing tenant appeal and potentially commanding higher rental rates. The property's proximity to entertainment and shopping centers further strengthens its investment potential, making it an attractive option for both seasoned investors and those new to the multifamily market. The asking price for this turnkey investment is $560,000. This represents a compelling opportunity to acquire a high-quality, newly constructed multifamily property in a rapidly growing area of Texas. The property's modern design and convenient location are expected to attract a strong tenant base, ensuring a stable and potentially lucrative income stream. This is a rare opportunity to acquire a well-situated, newly built multifamily property in a thriving market.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pharr
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1963
- Latitude
- 26.2178
