Estimated payment $16,329/month
Highlights
- 0.88 Acre Lot
- No HOA
- Laundry closet
- Mature Trees
- Window Unit Cooling System
- Tile Flooring
About This Home
Nestled in the heart of Pharr, TX, this fully leased 27-unit apartment complex offers an outstanding investment opportunity. Residents enjoy convenient access to dining, shopping, entertainment, and all just minutes away. With easy access to expressway and major thoroughfares like Jackson Rd and Business 83, commuting is quick and convenient. The property features 26 units with 2 bedrooms and 1 bath, plus 1 unit with 1 bedroom and 1 bath. A valuable addition to any portfolio, offering reliable rental income and a prime location!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $39,025
Year Built
- Built in 1994
Lot Details
- 0.88 Acre Lot
- Wood Fence
- Chain Link Fence
- Mature Trees
Parking
- No Garage
Home Design
- Brick Exterior Construction
- Slab Foundation
- Shingle Roof
Interior Spaces
- 20,430 Sq Ft Home
- 2-Story Property
- Tile Flooring
- Stove
- Laundry closet
Schools
- Escobar Elementary School
- Kennedy Middle School
- Psja South West High School
Utilities
- Window Unit Cooling System
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number P080000003000800
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 5 Units
- Palm Heights West Subdivision
Building Details
- Gross Income $157,085
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $38,850 | $1,448,491 | $111,665 | $1,336,826 |
| 2023 | $39,278 | $1,465,491 | $111,665 | $1,353,826 |
| 2022 | $30,170 | $1,075,619 | $234,881 | $840,738 |
| 2021 | $30,724 | $1,075,619 | $234,881 | $840,738 |
| 2020 | $27,898 | $964,416 | $115,515 | $848,901 |
| 2019 | $27,588 | $941,396 | $92,412 | $848,984 |
| 2018 | $27,260 | $924,867 | $92,412 | $832,455 |
| 2017 | $22,990 | $773,430 | $92,412 | $681,018 |
| 2016 | $21,084 | $709,296 | $80,090 | $629,206 |
| 2015 | $14,865 | $808,426 | $80,090 | $728,336 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/20/2025 08/20/25 | For Sale | $2,400,000 | +60.0% | $117 / Sq Ft |
| 10/31/2023 10/31/23 | Sold | -- | -- | -- |
| 10/22/2023 10/22/23 | Pending | -- | -- | -- |
| 10/12/2023 10/12/23 | For Sale | $1,500,000 | 0.0% | $73 / Sq Ft |
| 10/11/2023 10/11/23 | Pending | -- | -- | -- |
| 10/03/2023 10/03/23 | For Sale | $1,500,000 | 0.0% | $73 / Sq Ft |
| 09/23/2023 09/23/23 | Pending | -- | -- | -- |
| 08/23/2023 08/23/23 | For Sale | $1,500,000 | -- | $73 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Corporation Service | |
| Vendors Lien | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Vendors Lien | -- | Sierra Title | |
| Vendors Lien | -- | Security Land Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $380,000 | Credit Line Revolving | |
| Open | $753,000 | New Conventional | |
| Open | $1,123,000 | New Conventional | |
| Closed | $150,000 | Seller Take Back | |
| Previous Owner | $21,000 | Purchase Money Mortgage | |
| Previous Owner | $675,000 | Commercial | |
| Previous Owner | $600,000 | Commercial |
Source: Greater McAllen Association of REALTORS®
MLS Number: 477767
APN: P0800-00-003-0008-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Greater McAllen Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed.
Copyright 2025 Greater McAllen Association of Realtors. All rights reserved.
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