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$479,000

1303 W Heritage Dr, Pharr, TX, 78577

PendingInfo
CommercialInfo
Baths4 Bath
Baths3,664 Sq Ft
Multi FamilyMulti Family
price_per_sqft$130.73 / sqft
Year BuiltBuilt in 2021

Highlights

Interior

Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Cooktop, Dryer, Microwave, Washer, Electric Water Heater, Refrigerator
FlooringTile

Exterior

Exterior FeaturesNone
Lot Size9,200 sqft

Building Information

Year Built2021
Stories1
Roof Type105
Garage Spaces4

Land Information

APNH2055-02-000-0009-00
Lot Number9
SubdivisionHeritage Manor No. 2 - Spa
Land UseResidential
Legal DescriptionHERITAGE MANOR NO. 2 LOT 9
Census Tract021704
Assessed Land Value$151,800
Assessed Improvement Value$424,612
Assessment Year2025

About this property

Fully furnished and cash-flow ready, this 4-plex at 1303 W Heritage Dr in Pharr, TX is built to perform. With projected rental income of $1,400/month per unit ($5,600/month total), this is a strong income-producing asset from day one. Each unit offers a 2-bedroom, 2-bath layout with private bathrooms, maximizing tenant appeal, privacy, and rental stability. Completely turnkey, every unit comes fully furnished with appliances and essentials—minimizing upfront costs and allowing for immediate leasing. The modern, open-concept layouts create inviting living spaces designed to attract and retain quality tenants. Located in the heart of Pharr near shopping, schools, parks, and major roadways with quick access to McAllen, this property sits in a high-demand rental area. Ideal for investors seeking solid cash flow, low maintenance, and long-term growth—schedule your showing today and secure a high-performing asset.

Investor Tools

$265,234Estimated Mortgage Balance
$316,778Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,486 /month
Positive
Cash Flow Estimate:
$1,162 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,427/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,215
$576,412
2025
$151,800
$424,612
$576,412
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,215
$576,412

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Willow Bend Mortgage Co
Conventional
$291,000
No
First
Oct 29, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$265,234
$638,766
70%
46%
$1,745/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Pharr

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1303 W Heritage Dr | Property Details | No Agent List