320 Park Ave Pharr, TX 78577
- Small apartment buildings
- 2,160 SF
Current Use by Public Records
- Small apartment buildings
Property Details for 320 Park Ave
- Year built
- 1979
- Property size
- 2,160 SF
- Property type
- Small apartment buildings
Description
This exceptional 9-unit multifamily property located at 320 E Park Avenue in Pharr, Texas, presents a compelling investment opportunity. Built in 1979, the property sits on a generous 8,319.96 square foot lot and boasts a total of 2,160 square feet of building space. The property's versatility is a key advantage. It comprises a mix of residential and commercial units, offering diverse income streams. One unit is a spacious 3-bedroom, 1-bathroom residence (1120 sqft), perfect for a family or individual. An efficiency unit (468 sqft) is currently leased, providing immediate rental income. Adding to the property's unique appeal is a 572 square foot workshop, previously utilized as a boat repair shop. This workshop features an outdoor carport, enhancing its functionality for a variety of small businesses. The property's flexible layout allows for a blend of residential and commercial tenants, maximizing rental income potential. The asking price for this well-positioned Pharr, TX property is $175,000. This represents a significant opportunity for investors seeking a diversified portfolio with strong rental income potential in a growing Texas market. The property's location in Hidalgo County, zip code 78577, offers convenient access to local amenities and transportation routes. This is a rare chance to acquire a multi-use property with immediate income and significant upside potential.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pharr
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1804455
- Latitude
- 26.1933513
