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901 W Park Avenue Pharr, TX $ 850,000
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$ 850,000 Get more info
901 W Park Avenue
$ 850,000
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901 W Park Avenue

Pharr, TX, 78577
$ 850,000
Bedrooms16 Baths16.0 Sq 10,952

Monthly Estimate*

$ 5,303

901 W Park Avenue, Pharr, TX 78577 - Image 1
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901 W Park Avenue, Pharr, TX 78577 - Image 9
901 W Park Avenue, Pharr, TX 78577 - Image 10
901 W Park Avenue, Pharr, TX 78577 - Image 11

Multi-Family Home for sale in Pharr, TX

for $850,000 with 16 bedrooms and 16 full baths. This 10,952 square foot home was built in 1993 on a lot size of 0.4821.

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!

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Multi-Family Pending

Price

$ 850,000

Bedrooms

16

Full Bath

16

Property Type

Multi-Family

Taxes

$ 15,814

Style

Apartment

Lot Size

0.4821

Year Built

1993

Town/City

Pharr

County/Region

Hidalgo

MLS | Web ID

443427
Features
General
Living Area 10952
Sewer City Sewer
Heating Central Electric
Cooling Central Air Electric
Possession Closing and Funding
Roof Composition Shingle
Appliances Electric Water Heater Dryer Refrigerator Stove/Range Washer
Garage Spaces 0
Security Features Smoke Detector(s)
Construction Materials Brick
Year Built 1993
Stories Count 2
Property Subtype Apartment
Tax Year 2023
Gross Income 118680
Community Features Street Lights
County Hidalgo
Insurance Expense 6780
Property Type Residential Income
HOA No
Energy Efficient None
MaintenanceExpense 2000
Subdivision Name Ramos
Garage Y/N No
Other Structures Laundry Facility
Status Pending
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.
High School PSJA South West H.S.
City Pharr
High School District PSJA ISD
Number Of Units Total 16
Lot Size Units Square Feet
Lot Size Square Feet 20999.8404
Carport Spaces 20
Carport Y/N Yes
Elementary School Aida C. Escobar
Tax Annual Amount 15814
Home Warranty Y/N No
Middle/Junior High School Kennedy
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Pending
Middle/Junior School District PSJA ISD
Elementary School District PSJA ISD
Year Built Source HCAD
Legal Description RAMOS LOT 1 and LOT 2
Freehold BBO VOW IDX
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Interior
Interior Amenities Ceiling Fan(s) Walk-In Closet(s)
Flooring Laminate Tile
Air Conditioning Y/N Yes
Heating Y/N Yes
Laundry Features Laundry Area Laundry Closet Washer/Dryer Connection
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Exterior
Exterior Amenities Balcony
Fencing Barbed Wire Chain Link
Parking Features No Carport No Garage
Lot Features Corner Lot
Total Parking 20
Lot Size Area 20999.8404
Foundation Details Slab
Number of Buildings 2
Building Area Total 10952
Lot Size Acres 0.4821
Road Surface Type Paved
Covered Spaces 20
Number of Separate Water Meters 1
Irrigation Water Rights Y/N No
Pool YN No
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* Excluded Features
List By
Jorge Valdez

Listing Agent

Monarca Real Estate Group Llc

Broker

jvaldez1980@yahoo.com

Email

Affordability Calculator

$6,621
Per Month
80%
20%
0%
Monthly Principal & Interest
$5,303
Monthly Property Taxes
$1,318
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3057120 Elementary School
3057780 Middle School
PSJA South West H.S. High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/5/2024$850,000 Listed Price

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901 W Park Avenue, Pharr, TX, 78577 is a Multi-Family Home for sale at $850,000 with 10,952 sqft and a lot size of 0.4821. 901 W Park Avenue has 16 bedrooms, 16.0 baths, and was built in 1993. The property's zip code is 78577 which is in Pharr, TX

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