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$550,000

1723 W Marlin St, Pharr, TX, 78577

On MarketInfo
Beds2 Beds
Baths4 Bath
Baths4,176 Sq Ft
QuadruplexQuadruplex
price_per_sqft$131.7 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 4Bathrooms Full 4
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size14,906 sqft

Building Information

Year Built2021
Stories1
Roof Type105

Land Information

APNH0654-00-000-0005-00
Lot Number5
Subdivision1500 Hall Acres - Spa
Land UseResidential
Legal Description1500 HALL ACRES LOT 5
Census Tract021408
Assessed Land Value$149,080
Assessed Improvement Value$407,463
Assessment Year2025

About this property

Modern fourplex and fully leased! Located within a gated community, this well-maintained investment property features a mix of two- and three-bedroom units with modern finishes throughout. Each unit includes ceramic tile flooring, stainless steel appliances, contemporary lighting fixtures, ceiling fans, custom modern drapes, and two covered carport spaces. Units 1 and 2 also feature oversized private backyards, with additional guest parking available near the property. Current rents: Unit 1: 2 Bed / 2 Bath | $1,350/month | Large backyard Unit 2: 3 Bed / 2 Bath | $1,425/month | Large backyard Unit 3: 2 Bed / 2 Bath | $1,150/month Unit 4: 3 Bed / 2 Bath | $1,250/month Fully occupied with a current gross monthly rental income of $5,175. Great opportunity for an investor looking for a newer, income-producing multifamily property in a desirable and convenient location!

Investor Tools

$381,119Estimated Mortgage Balance
$178,672Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,339 /month
Positive
Cash Flow Estimate:
$1,113 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,427/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,345
$556,543
2025
$149,080
$407,463
$556,543
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,345
$556,543

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$401,250
No
First
Jul 12, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$381,119
$175,424
31%
68%
$2,406/mo

City: Pharr

1723 W Marlin St | Property Details | No Agent List