Technical
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Property profile

3030 Ashley Pl Pharr, TX 78577

OFF-MARKET
Apartment buildings
Property ID
US82-1045504
9,060 SF 0.35 ac lot Built 1995
Entity Owned 4-yr Hold
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1995
Total area 9,060 SF
Lot 0.35 ac (15,120 SF)
Zoning code RS
APN P7170-06-042-0016-00
UPID US82-1045504

Cap rate & NOI

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

Location

3030 Ashley Pl Pharr, TX 78577-6827
Pharr metro Census 21409 MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$350k

Owner & transaction history

since 2021
3 recorded transactions
2021
Price N/A
2019
Price N/A
1969
Price N/A

Zoning & alternative use

RS · Pharr, TX

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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