1208 Diplomat DrPharr, TX 78577

For Sale
$398,000

Fourplex, High-Income Potential, Updated Units

Overview

Added:
Feb 11
Days on market:
31
This exceptional fourplex investment property in Pharr, Texas, presents a compelling opportunity. Located at 1208 S Diplomat Drive, 78577, this property boasts 3,692 square feet on an 8,288.16 square foot lot. Built in 2006, the property comprises two buildings housing four individual units, currently generating a gross annual income of $39,240. Recent upgrades include a new exterior AC unit for Apartment #4 and brand-new tankless water heaters installed in the attic for all four units in 2024. Apartments #2 and #4 have undergone significant renovations, featuring updated light fixtures, modern sink faucets, new hardware, freshly painted gray cabinets, and contemporary ceiling fans. The property's prime location near Frontage Road, Top Golf, upscale restaurants, and McAllen medical centers ensures strong tenant demand and rental income. This fully occupied property offers immediate cash flow and significant upside potential. The asking price is $398,000. Showings are by appointment only, following contract acceptance. Please do not disturb tenants.

Highlights

  • $398,000 asking price.
  • Four-unit multifamily apartment building.
  • 3,692 square feet on an 8,288 square foot lot.
  • Built in 2006, two buildings.
  • Located at 1208 S Diplomat Drive, Pharr, TX 78577.

Property Details for 1208 Diplomat Dr

Property type
Multifamily properties, Apartment buildings
Square Feet
3,692 SF
Year Built
2006
Buildings
2
Units
4

Location Insight

City
Pharr
County
Hidalgo
State
Texas
Latitude
26.1857013
Longitude
-98.2015176
1208 Diplomat Dr, Pharr, Texas

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1208 Diplomat Dr
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