901 W PARK AVENUE, PHARR, TX 78577
Homes for sale in Pharr.
Homes for sale in 78577.
901 W Park Avenue
Pharr, TX 78577
List Price$850,000
Listing #443427
10,952
Square Feet
16
Number of Units
House
Type
About This Property
Welcome to 901 W Park Ave, a lucrative investment property offering 16 units in Pharr, Texas. Built in 1993, this very well maintained asset generates a net operating income of $89,250, boasting an impressive 10.5% cap rate (not including management expenses). Priced at $850,000, the owner is willing to sell the property in two or willing to give a discount to a buyer who buys the whole apartment complex, promising steady rental income and TONS of potential for growth. Don't miss out--schedule a viewing today!
Property Features
Location Information
County
Hidalgo
Directions
Head East on W Business 83 in Pharr and turn South on S Hibiscus Street and then West on W Park Avenue. Property is on the corner of Park Avenue and Hibiscus.
Subdivision
Ramos
Interior Features
Interior
Ceiling Fan(s), Walk-In Closet(s)
Laundry
Laundry Area, Laundry Closet, Washer/Dryer Connection
Heating
Central, Electric
Appliances
Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
Cooling
Central Air, Electric
Total Number of Units
16
Floors
Laminate, Tile
Features
Street Lights
Exterior Features
Construction
Brick
Parking Spaces
20
Exterior
Balcony
Fencing
Barbed Wire, Chain Link
Foundation
Slab
Lot Description
Corner Lot
Roof
Composition Shingle
Lot Size in Acres
0.482
Possession
Closing and Funding
Lot Size in Sq. Ft.
20,999
Septic or Sewer
City Sewer
Buildings
Laundry Facility
Security Features
Smoke Detector(s)
Energy Features
None
Parking Description
No Carport, No Garage
Road Description
Paved
Garage Spaces
0
School
Elementary School District
PSJA ISD
Middle School
Kennedy
Elementary School
Aida C. Escobar
High School
PSJA South West H.S.
Additional Information
Property Type
SFR
Units in Complex
2
Property SubType
Apartment
Taxes
15814
Year Built
1993
Tax Year
2023
APN
R075100000000100
Square Feet Source
HidalgoCAD
Status
Pending
Similar Listings
Mortgage Calculator
$3,969
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$3,063
Monthly Tax
$708
Monthly Insurance
$198
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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