1601 Hyatt Ave 18 Unit Apartment Building $2,499,000 ($138,833/Unit) 8.10% Cap Rate Pharr, TX 78577

INVESTMENT HIGHLIGHTS

  • Excellent proximity to major highways and airport
  • Brand new construction
  • Established and well maintained multi family community

EXECUTIVE SUMMARY

INCOME GENERATING investment opportunity in Pharr, Texas!! This brand new 18 unit apartment complex is strategically located in an established and thriving community. The well maintained complex is thoughtfully designed to maximize space and comfort. The units feature modern amenities, tasteful finishes, an expansive green area, ample parking, and have attractive curb side appeal. Investors seeking a steady stream of income, call to schedule your showing today!

PROPERTY FACTS

Price $2,499,000
Price Per Unit $138,833
Sale Type Investment
Cap Rate 8.10%
Gross Rent Multiplier 9.64
No. Units 18
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Garden
Building Class B
Lot Size 1.42 AC
Building Size 18,144 SF
No. Stories 1
Year Built 2023
Parking Ratio 3.53/1,000 SF
Zoning Multi-family

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Washer/Dryer
  • Heating
  • Kitchen
  • Oven
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+2 18 $1,200 1,008
  • Listing ID: 32294621

  • Date on Market: 6/29/2024

  • Last Updated:

  • Address: 1601 Hyatt Ave, Pharr, TX 78577