921 W Park Avenue

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921 W Park Avenue

Pharr, TX 78577
Asking Price
$550K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building located in Pharr, Texas.
  • Property features a total of 10 individual units.
  • The asking price for the asset is 550000 dollars.
  • Strategic location within the Rio Grande Valley corridor.
  • Suitable for investors targeting local residential housing demand.

What's Special

Pharr, Texas, serves as a growing economic hub within the Rio Grande Valley, benefiting from its strategic proximity to international trade corridors and a steady regional population. This multifamily asset, situated at 921 W Park Avenue, consists of 10 units in an established apartment building format. The property provides a functional residential housing option in a market where demand for rental inventory remains consistent due to ongoing regional industrial and commercial growth. Investors looking to capitalize on this residential submarket may find this building suitable for long-term hold strategies or value-add repositioning. The property layout facilitates standard apartment operations, appealing to tenants seeking proximity to the local workforce and regional transportation arteries. This asset represents a straightforward addition to a rental portfolio within a stable Texas municipality.

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NOI
$80,000
Cap Rate
14.55%
DSCR
2.45
Strong
Cash-on-Cash
28.70%
Monthly Payment
$2,721.1
Annual Cash Flow
$47,346.801

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