Current Use by Public Records
- Apartment buildings
Property Details for 901 Sam Houston Blvd
- Year built
- 1973
- Lot size
- 13.16 lot acres
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional multifamily investment opportunity presents a portfolio of six fourplex buildings totaling 24 units, situated on a substantial 13.16-acre lot at 901 Sam Houston Boulevard in Pharr, Texas, 78577. The property, built in 1973, is currently well-occupied, offering immediate cash flow potential for the astute investor. The zoning permits residential multi-family use, and the expansive lot size presents significant potential for future development or expansion. This presents a rare chance to acquire a substantial, income-generating asset in a thriving Texas market. The property's strong occupancy rate and established rental income stream provide a solid foundation for a stable investment. With 24 individual units spread across six buildings, management is streamlined and efficient. The substantial lot size offers considerable upside potential for future development, allowing for expansion or the creation of additional income-generating opportunities. The property's location in Pharr, Hidalgo County, provides convenient access to local amenities and transportation networks. This is a turnkey investment ready for immediate returns and long-term growth. The asking price is $2,200,000. This represents a compelling opportunity to acquire a significant multifamily asset in a desirable location. Serious inquiries are encouraged.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pharr
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1962
- Latitude
- 26.1893
