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Pending
    • $850,000

    901 W Park Ave, Pharr, TX 78577

    2beds
    2baths
    10,952sqft
    : 
    $6,368/mo
    Get pre-qualified
    Apartment, Multi Family
    Built in 1993
    -- sqft lot
    $-- Zestimate®
    $78/sqft
    $-- HOA

    What's special

    Welcome to 901 W Park Ave, a lucrative investment property offering 16 units in Pharr, Texas. Built in 1993, this very well maintained asset generates a net operating income of $89,250, boasting an impressive 10.5% cap rate (not including management expenses). Priced at $850,000, the owner is willing to sell the property in two or willing to give a discount to a buyer who buys the whole apartment complex, promising steady rental income and TONS of potential for growth. Don't miss out—schedule a viewing today!
    748 days
    |
    16
    |
    1
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jorge Valdez 956-789-1337,

    Monarca Real Estate Group Llc

    Source: Greater McAllen AOR,MLS#: 443427

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      Heating
      • Has Heating (Unspecified Type)
      Cooling
      • Central Air, Electric
      Appliances
      • Included: Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
      • Laundry: Laundry Area, Laundry Closet, Washer/Dryer Connection
      Features
      • Ceiling Fan(s), Walk-In Closet(s)
      • Flooring: Laminate, Tile
      Interior area
      • Total structure area: 10,952
      • Total interior livable area: 10,952 sqft

      Property

      Parking
      • Total spaces: 20
      • Parking features: No Carport, No Garage
      • Carport spaces: 20
      Features
      • Exterior features: Balcony
      • Fencing: Barbed Wire,Chain Link
      Lot
      • Size: 0.48 Acres
      • Features: Corner Lot
      Details
      • Additional structures: Laundry Facility
      • Parcel number: R075100000000100

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Apartment, Multi Family
      Materials
      • Brick
      • Foundation: Slab
      • Roof: Composition
      Condition
      • Year built: 1993

      Utilities & green energy

      • Sewer: Public Sewer
      Green energy
      • Energy efficient items: None

      Community & HOA

      Community
      • Features: Street Lights
      • Security: Smoke Detector(s)
      • Subdivision: Ramos
      HOA
      • Has HOA: No
      Location
      • Region: Pharr

      Financial & listing details

      • Price per square foot: $78/sqft
      • Tax assessed value: $410,908
      • Annual tax amount: $15,814
      • Date on market: 7/5/2024
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $835/mo

        Price history

        DateEventPrice
        10/10/2024Pending sale$850,000$78/sqft
        Source: Greater McAllen AOR #443427 Report a problem
        8/4/2024Listed for sale$850,000$78/sqft
        Source: Greater McAllen AOR #443427 Report a problem
        7/25/2024Pending sale$850,000-3.4%$78/sqft
        Source: Greater McAllen AOR #443427 Report a problem
        5/28/2024Listing removed--
        Source: Greater McAllen AOR #438023 Report a problem
        5/21/2024Listed for sale$880,000+91.3%$80/sqft
        Source: Greater McAllen AOR #438023 Report a problem
        5/14/2024Listing removed--
        Source: Greater McAllen AOR #428953 Report a problem
        2/22/2024Listed for sale$460,000-52.8%$42/sqft
        Source: Greater McAllen AOR #428953 Report a problem
        2/7/2024Listing removed--
        Source: Greater McAllen AOR #419479 Report a problem
        11/30/2023Listed for sale$975,000$89/sqft
        Source: Greater McAllen AOR #419479 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$11,000 +16.6%$410,908 +16.9%
        2024$9,432 +20.1%$351,652 +20%
        2023$7,854 +9.9%$293,043 -2.2%
        2022$7,147 +3.5%$299,543 +23.9%
        2021$6,905 $241,729 +14.3%
        2020-- $211,439 +2.9%
        2019$5,943 +9%$205,440 +1.9%
        2018$5,454 $201,569 +8.9%
        2017$5,454 -2.9%$185,051 -2.1%
        2016$5,619 +0.5%$189,018 +0%
        2015$5,592 $188,960
        2014$5,592 $188,960 +10.8%
        2013-- $170,493 -19%
        2012-- $210,398 -11.8%
        2011-- $238,529 +41.5%
        2010-- $168,574 -13.6%
        2009-- $195,028 -20.6%
        2008-- $245,585 +21.3%
        2007-- $202,421 -0.5%
        2006-- $203,440 -0.9%
        2005-- $205,351
        2004-- $205,351 +13%
        2003-- $181,694 +5.4%
        2002-- $172,443 -7.8%
        2001-- $187,012 -0.9%
        2000-- $188,786
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: 78577

        Getting around

        65 / 100
        Somewhat Walkable
        50 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Aida C. Escobar
        • Middle: Kennedy
        • High: PSJA South West H.S.
        • District: PSJA ISD

        Source: Greater McAllen AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

        A local lender can help you make sure your offer is ready when you are.

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