Technical
Financial
Distress signals
Property profile

1700 New Orleans Cir Pharr, TX 78577

OFF-MARKET
Apartment buildings
Property ID
US82-1855040
12,658 SF 0.71 ac lot Built 2023
Entity Owned 3-yr Hold
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Property summary

AI-generated overview

This exceptional 14-unit apartment complex presents a compelling investment opportunity in the thriving city of Pharr, Texas. Completed in 2023, the property boasts three buildings situated on a substantial 30,928 square foot lot. The complex comprises a total of 12,894 square feet of living space, with each of the fourteen units offering a generous 921 square feet. Every unit is equipped with two bedrooms, two bathrooms, and a full complement of appliances, including in-unit washers and dryers, enhancing tenant appeal and minimizing maintenance concerns. Located at 1700 New Orleans Circle, Pharr, TX 78577, this property is ideally positioned to capitalize on the strong rental market demand in the area. The modern construction and well-appointed units promise consistent rental income and long-term appreciation potential. This turnkey investment is ready for immediate occupancy and offers a rare chance to acquire a high-performing multifamily asset in a desirable location. The property's strong rental income potential makes it an attractive proposition for investors seeking a reliable and profitable addition to their portfolio. Don't miss this chance to secure a piece of Pharr's vibrant real estate market.

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 2023
Total area 12,658 SF
Lot 0.71 ac (31,071 SF)
APN P7170-15-029-0020-00
UPID US82-1855040

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1700 New Orleans Cir Pharr, TX 78577-7250
Pharr metro Census 21409 MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$450k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k

Owner & transaction history

since 2023
4 recorded transactions
2023
Price N/A
2019
Price N/A
2019
Price N/A
2009
Price N/A

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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