1503 Heritage Dr Pharr, TX 78577
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 1503 Heritage Dr
- Year built
- 2021
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This meticulously maintained, two-building apartment complex presents a compelling investment opportunity in Pharr, Texas. Constructed in 2021, this property boasts four units situated on a spacious 9,199.87 square foot lot at 1503 W Heritage Drive W, 78577. The property's strategic location offers convenient access to major roadways, schools, restaurants, and parks, ensuring strong tenant demand and long-term stability. Two of the four units are currently generating rental income, providing immediate cash flow. The modern design and durable construction materials minimize maintenance costs, maximizing return on investment. The property's solid construction and desirable location make it ideal for both seasoned investors seeking strong rental income and owner-occupants looking for supplemental income by renting out the remaining units. The asking price is $520,000. This represents a rare chance to acquire a well-maintained, high-potential multifamily property in a thriving Texas community. The property's proximity to key amenities and its recent construction contribute to its exceptional value and potential for future appreciation. Don't miss this chance to secure a profitable investment in a rapidly growing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pharr
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1945
- Latitude
- 26.2257
