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2109 N Dahlia Street, Pharr, TX 78577

$360,000
: 3,640
SqFt

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List Price: $360,000
Status: ACTIVE
MLS#: 516078
Year Built: 2005
Living Area: 3,640
Lot Size: 9,151
Acres: 0.21
Subdivision: Vip Estates
MLS Area Major: Pharr

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Property Description

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.

(512) 596-9111

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Additional Information

Amenities: Sidewalks, Street Lights
Interior Features: Built-in Features, Ceiling Fan(s), Dryer, Other, Split Bedrooms, Walk-In Closet(s), Washer
Exterior Features: Mature Trees, Sprinkler System
Taxes: $9,054
HOA Fee: $600
HOA Frequency: Annually
Appliances: Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range-Electric Coil, Washer
Heating: Central
Air Conditioning: Central Air
Stories: 1
Foundation: Slab
Parking Features: Garage Faces Rear
School District: PSJA ISD
Elementary School: Ramirez
Middle School: LBJ
High School: PSJA H.S.