Property summary
This exceptional 9-unit apartment complex presents a fantastic investment opportunity in the heart of Pharr, Texas. Situated within the gated Plantation Country Club subdivision, this property offers residents a tranquil and secure living environment. The complex boasts assigned parking, ensuring convenience for all tenants. Its prime location provides easy access to a variety of amenities, including Top Golf, the Pharr Aquatic Center, Quinta Mazatlan, La Plaza Mall, and numerous restaurants. Currently fully rented, this property generates immediate income. Significant improvements have been made, enhancing both the property's value and appeal. Seven units have undergone complete renovations, featuring refinished countertops and stainless steel range hoods. The roof was replaced in 2019, and eight of the nine air conditioning units have been replaced within the last four years. Each unit is equipped with a washer, dryer, refrigerator, stove, and microwave, adding to tenant convenience. Individual utility meters ensure efficient billing. The property's location within the gated community provides access to a wealth of amenities, including a gym, swimming pool, common areas, library, basketball court, and soccer field. The HOA covers maintenance of these shared spaces, and the community is secured by a gated entrance. All stairs and the second-floor hallway have been recently renovated. The lot size is 15,120.11 square feet, and the building was constructed in 1995. This turnkey investment offers a compelling blend of strong rental income, recent upgrades, and a desirable location. The asking price is $675,000.
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6 recent transactions · within 1.5 miComparable in this City
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Tax year 2022Property description
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RS · Pharr, TXZoning
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