3638-3841 N Mezcal Drive

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3638-3841 N Mezcal Drive

Pharr, TX 78577
Asking Price
$1.07M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily asset containing eight residential apartment units
  • Located at 3638-3841 N Mezcal Drive in Pharr
  • Offered for sale at a price of 1070000 dollars
  • Situated within the active Rio Grande Valley market
  • Well-suited for investors seeking long-term residential holdings

What's Special

This multifamily property consists of eight apartment units located at 3638-3841 N Mezcal Drive in Pharr, Texas. Positioned within the Rio Grande Valley, the site benefits from the regional economic activity driven by international trade and proximity to major border crossings. The local submarket features a growing population base, supporting consistent demand for residential rental housing. Investors can leverage this asset for long-term hold strategies or portfolio expansion within a stable, high-density residential corridor. Its current configuration provides a functional layout suitable for a variety of tenant demographics typical of the Pharr area. The property remains well-positioned to capitalize on the ongoing development and infrastructure expansion characteristic of the southern Texas landscape.

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NOI
$80,000
Cap Rate
7.48%
DSCR
1.26
Strong
Cash-on-Cash
5.13%
Monthly Payment
$5,293.776
Annual Cash Flow
$16,474.686

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