3638 N Mezcal Drive

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3638 N Mezcal Drive

Pharr, TX 78577
Asking Price
$535K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building available for purchase at 3638 N Mezcal Drive
  • The residential property contains a total of four individual rental units
  • Current asking price for this multifamily investment asset is 535000 dollars
  • Pharr is situated within the thriving Rio Grande Valley metropolitan region
  • The building location provides direct access to significant regional transit corridors

What's Special

Investors seeking to expand their residential holdings in the Rio Grande Valley may find utility in this four-unit multifamily apartment building located at 3638 N Mezcal Drive in Pharr, Texas. This property provides a contained asset structure suited for rental income generation within a growing suburban market. The region benefits from consistent demand driven by its strategic location near major transportation corridors and a steady regional economy. The manageable scale of this building offers a straightforward management profile for both seasoned and emerging real estate investors. The city of Pharr serves as a key logistical hub within the McAllen-Edinburg-Mission metropolitan area, supporting a dense population and robust commerce. Assets of this size typically attract long-term tenants due to the proximity to regional employment centers and essential services. This apartment building represents a practical addition to an investment portfolio, providing a reliable foundation for residential leasing strategies in a stable South Texas market.

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NOI
$80,000
Cap Rate
14.95%
DSCR
2.52
Strong
Cash-on-Cash
30.05%
Monthly Payment
$2,646.888
Annual Cash Flow
$48,237.343

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