List Price:
$360,000
MLS Number:
516078
Property Type:
Residential Income
Property Sub Type:
Quadruplex
Accessibility Features:
Appliances:
Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range-Electric Coil, Washer
Application Fee:
Association Fee:
$600
Association Fee Frequency:
Annually
Association YN:
Yes
Attached Garage YN:
Availability:
Base Rent Amount:
Basement:
Building Area Total:
3640
Building Area Units:
Square Feet
Carport Spaces:
8
Carport YN:
Yes
City:
Pharr
Community Features:
Sidewalks, Street Lights
Construction Materials:
Brick
Cooling:
Central Air
Cooling YN:
Yes
Country:
US
County:
Hidalgo
Covered Spaces:
8
Designated Broker MUI:
1269282
Directions:
Drive East from 495/ Pecan Blvd/ W Ferguson Ave. Turn North on N Erica St. Turn East on Cancun Dr. Property is located at the end of the street. Corner of Cancun Dr. and N Dahlia.
Elementary School:
Ramirez
Elementary School District:
PSJA ISD
Exterior Features:
Mature Trees, Sprinkler System
Fencing:
Wood
Fireplace YN:
Flooring:
Tile
Foundation Details:
Slab
Furnished:
Garage Spaces:
0
Garage YN:
No
Green Energy Efficient:
Thermostat
Heating:
Central
Heating YN:
Yes
High School:
PSJA H.S.
High School District:
PSJA ISD
Interior Features:
Built-in Features, Ceiling Fan(s), Dryer, Other, Split Bedrooms, Walk-In Closet(s), Washer
Laundry Features:
Laundry Area, Washer/Dryer Connection
Lease Term:
Leased Rent Share:
Living Area Source:
HidalgoCAD
Living Area SqFt:
3640
Living Area Units:
Square Feet
Lot Features:
Corner Lot, Mature Trees, Sidewalks, Sprinkler System
Lot Size Acres:
0.2101
Lot Size SqFt :
9151.956
Maintenance Expense:
$2,160
Middle School:
LBJ
Middle School District:
PSJA ISD
New Construction YN:
Number Of Buildings:
2
Number Of Units In Community:
2
Number Of Units Total:
4
Open Parking YN:
Other Bldg SqFt:
Other Equipment:
Other Expense:
$0
Other Structures:
Outbuilding (None)
Own Lot YN:
Parking Features:
Garage Faces Rear
Parking Total:
8
Patio And Porch Features:
Pet Deposit:
Pets Allowed:
Pool Features:
Pool Private YN:
Pool YN:
No
Postal Code:
78577
Property Attached YN:
Public Remarks:
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.
Road Frontage Type:
Road Surface Type:
Paved
Roof:
Shingle
Room Office Area:
Rooms Total:
Security Features:
Smoke Detector(s)
Security Deposit:
Sewer:
City Sewer
Showing CSS YN:
Spa Features:
Spa YN:
Standard Status:
Active
State:
TX
Status:
Active
Street Dir Prefix:
N
Street Dir Suffix:
Street Name:
Dahlia
Street Number:
2109
Street Suffix:
Street
Subdivision:
Vip Estates
Tax Annual Amount:
$9,054
Tax Year:
2025
Utilities:
Cable Available
Water Source:
Public
Window Features:
Year Built:
2005
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