The quadplex is situated within a tight-knit community on the North Side of Pharr, neighboring McAllen, and boasting convenient access to Expressway 281 and major thoroughfares linking commuters to Pharr, McAllen, San Juan, Alamo, and Edinburg. Comprising two three-bedroom, two-bathroom units and two two-bedroom, two-bathroom units, the property offers versatility and comfort. One unit has been recently upgraded for investor living, leaving three units available for generating rental income. With the latest conventional financial guidelines, prospective buyers can secure financing with a minimum down payment of just 5%, with the additional benefit of being able to factor in the rental income from the other three units towards the mortgage. Additionally, each unit is equipped with its own water and electric meters, ensuring convenience and independence for tenants.
This is an amazing opportunity to step into a fully leased, 9 unit apartment complex in Pharr, TX! With a mixture of 9 units, the majority being 3 bed / 2 bath, this complex is as turn key as it gets! With GOI of almost $81k, this is a property that is not only strong and vibrant now, but also has a strong upside were the new owner to decide to take action. All leases are on 12 months, and the roof was recently replaced in 2016. The HVAC and water heater units are less than 7 years old for most units. Lots of parking and a very desirable location round out this great investment! Call today before its too late!
Andrea D. Conner, License 521381, Xome Inc., License 9002330, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067
Based on information from the McAllen Association of REALTORS® (alternatively, from GMAR) as of {{last updated}}. GMAR does not guarantee or is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by the GMAR MLS may not reflect all real estate activity in the market.
Pharr is located in Texas. Pharr, Texas has a population of 78,997. Pharr is less family-centric than the surrounding county with 36.1% of the households containing married families with children. The county average for households married with children is 37.3%.
The median household income in Pharr, Texas is $39,606. The median household income for the surrounding county is $44,666 compared to the national median of $69,021. The median age of people living in Pharr is 29.3 years.
The average high temperature in July is 96.3 degrees, with an average low temperature in January of 49 degrees. The average rainfall is approximately 20.9 inches per year, with 0.1 inches of snow per year.
