Premium Content such as Sold Prices, Property History Reports and Saved Searches.
Prime location investment opportunity in the gated community of VIP Estates in Pharr, TX. This corner-lot 4-plex was built in 2005 and features four spacious units, each offering 2 bedrooms and 2 bathrooms. Three units are currently leased, with one vacant unit ready for improvements and immediate lease-up, providing value-add potential. Current leases are $950 x unit with upside as the market continues to strengthen. Tenants pay their own utilities, helping keep operating expenses low. Estimated cap rate of approximately 7.5% based on current rents and operating expenses, subject to buyer verification. Property offers solid layout, good structural integrity, and is located in a well-maintained neighborhood with controlled access. Ideal for investors seeking steady income with future growth potential.
Check out assigned and nearby schools along with their detailed ratings and essential information to help you make informed decisions.