3841 N Mezcal Drive

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3841 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).

  • Four-unit multifamily asset available for purchase in Pharr.
  • The property is listed at an asking price of $535,000.
  • Located at 3841 N Mezcal Drive within the Rio Grande Valley.
  • Regional growth supports stable demand for residential apartment rentals.
  • The site sits in a key logistics hub of South Texas.

What's Special

Priced at $535,000, this multifamily apartment building located at 3841 N Mezcal Drive in Pharr, Texas, presents an investment option consisting of four residential units. The property serves as a functional asset within the Rio Grande Valley, a region defined by its expanding trade corridors and proximity to the international border with Mexico. Pharr continues to experience steady growth as a logistics and commercial hub, providing a consistent demand for housing from the local workforce and regional professionals. This four-unit complex is suited for an investor seeking a compact rental property in a growing submarket. The layout supports efficient management and straightforward operational oversight, aligning with typical multifamily acquisition strategies in the area. Given the sustained demographic shifts in South Texas, this building offers potential for steady rental income streams. Prospective buyers will find this an accessible entry point or a targeted addition to a portfolio focused on residential assets within the broader McAllen-Edinburg-Mission metropolitan area.

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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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