1404 Fig Ave Pharr, TX 78577
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 1404 Fig Ave
- Year built
- 2006
- Property type
- Small apartment buildings
Description
This exceptional four-unit apartment building, constructed in 2006, presents a compelling investment opportunity in the desirable Pharr, Texas market. Located at 1404 W Fig Avenue, this property boasts a total of four two-story units, each featuring its own private patio and ample living space. The building sits on a sizable 8,404.90 square foot lot within a gated community, offering residents a secure and tranquil environment. Its strategic location, just half a mile from Highway 281, ensures convenient access to major city areas and commuter routes. Currently operating at below-market rental rates, this property offers significant upside potential for increased rental income. The property's Class C designation reflects its solid construction and ongoing appeal to renters. The building itself is a single structure, simplifying management and maintenance. This fourplex represents a rare chance to acquire a stable, income-generating asset in a thriving Texas market, promising both immediate returns and long-term appreciation. The current occupancy rate is 100%, providing immediate cash flow. This is an ideal addition to any investor's portfolio seeking strong returns and a secure investment in a high-demand area. The property's zip code is 78577, and it is situated in Hidalgo County.
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
- -98.1910757
- Latitude
- 26.2404689
