Listed by Ursa Real Estate, LLC
$375,000
115 W Albatross Avenue
Details
APN P925700000001900
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 3,796
Units 2
Cap Rate 6.89%
NOI $25,829
Occupancy 100%
Tenancy Multi
Rent Bumps No
Pro-Forma Cap Rate 7.12%
Pro-Forma NOI $26,704
Price per SqFt $99
Class A
Year Built 2014
Buildings 1
Acreage 0.273
Zoning Multi Family
Parking Spaces 8 per unit
Investment Type Stabilized
Sale Condition For sale by owner
Prime Investment Opportunity in Pharr
Marketing description
Turnkey Cash Flow in Pharr! Take advantage of an incredible, hassle-free investment opportunity with this fully occupied 4-unit multi-family property. Built in 2014, this well-maintained four-plex features four spacious units, each offering a highly desirable 2-bedroom, 2-bathroom layout spanning 949 sq. ft.
Tenants enjoy modern, comfortable living spaces complete with high decorative ceilings, easy-to-clean tile flooring, and ceiling fans throughout. Each kitchen comes fully equipped with a refrigerator and electric range, flowing seamlessly into a dedicated dining area. Practical amenities include independent washer/dryer hookups and private, fenced side/backyards perfect for pets or outdoor relaxation. With dedicated carport parking and an excellent rental history, this property is the perfect addition to build or expand your real estate portfolio.
Investment highlights
- 100% Occupied — Immediate Cash Flow: All 4 units leased at $800–$875/month
- Modern Construction: Built in 2014 with brick & stone exterior, slab foundation, tile flooring, high ceilings, and central electric HVAC.
- Tenant-Friendly Amenities: Each unit offers 2 bed/2 bath, walk-in closet, washer/dryer hookup, private fenced yard, ceiling fans, and appliances included.
- Strong Financials: Gross Operating Income of $38,900/year ($39,775 Pro Forma) with low annual expenses
- Prime Pharr Location: Located in the Providence subdivision off Expressway 83 — close to retail, restaurants, and PSJA ISD schools.
Listing Contacts
Listed by Ursa Real Estate, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$25,828.50
$2,152.38/mo
Valuation Metrics
0
DSCR
6.89%
Cap Rate
6.89%
ROI
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