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 an NOI of almost $50,000, 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!
Check out this amazing investment property: 9 unit apartment complex located in the heart of Pharr, TX! Located inside a gated subdivision of Plantation Country club, this property has assigned parking, quiet neighborhood and just minutes from Top Golf, Pharr Aquatic Center, Quinta Mazatlan, La Plaza Mall, restaurants and more! Fully rented units and some of the apartments have been renovated. Roof replaced in 2019, 8 AC units replaced within the last 4 years, individual meter, each unit has washer and dryer, fridge, stove and microwave. Fully 7 renovated units, refinished countertops, SS range hoods HOA includes, bym, pool, common areas, library, basketball court, soccer court, gate. All stairs and 2nd floor hallway completely redone
The median home value in Pharr, TX is $170,000. This is higher than the county median home value of $97,500. The national median home value is $219,700. The average price of homes sold in Pharr, TX is $170,000. Approximately 54.19% of Pharr homes are owned, compared to 34.58% rented, while 11.23% are vacant. Pharr real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Pharr real estate agent to arrange a tour today!
Pharr, Texas has a population of 76,727. Pharr is less family-centric than the surrounding county with 37.08% of the households containing married families with children. The county average for households married with children is 38.66%.
The median household income in Pharr, Texas is $39,445. The median household income for the surrounding county is $37,097 compared to the national median of $57,652. The median age of people living in Pharr is 28.7 years.
The average high temperature in July is 97.1 degrees, with an average low temperature in January of 50.7 degrees. The average rainfall is approximately 23.6 inches per year, with 0 inches of snow per year.