901 W Park AVE Pending Save Request In-Person Tour Request Virtual Tour
Pharr,TX 78577
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
Square Footage 10,952 sqft
Price per Sqft $77
Subdivision Ramos
MLS Listing ID 443427
HOA Y/N No
Originating Board Greater McAllen
Year Built 1993
Annual Tax Amount $15,814
Tax Year 2023
Lot Size 0.482 Acres
Acres 0.4821
Property Description
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!
Location
State TX
County Hidalgo
Community Street Lights
Rooms
Other Rooms Laundry Facility
Interior
Interior Features Ceiling Fan(s),Walk-In Closet(s)
Heating Central,Electric
Cooling Central Air,Electric
Flooring Laminate,Tile
Appliance Electric Water Heater,Dryer,Refrigerator,Stove/Range,Washer
Laundry Laundry Area,Laundry Closet,Washer/Dryer Connection
Exterior
Exterior Feature Balcony
Carport Spaces 20
Fence Barbed Wire,Chain Link
Community Features Street Lights
Waterfront No
View Y/N No
Roof Type Composition Shingle
Total Parking Spaces 20
Garage No
Building
Lot Description Corner Lot
Faces 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.
Story 2
Foundation Slab
Sewer City Sewer
Structure Type Brick
New Construction No
Schools
Elementary Schools Aida C. Escobar
Middle Schools Kennedy
High Schools Psja South West H.S.
Others
Tax ID R075100000000100
Security Features Smoke Detector(s)