1208 Diplomat DrPharr, TX 78577

Property Details for 1208 Diplomat Dr

Year built

2006

Property size (Sq ft)

3,692 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Pharr

County

Hidalgo

State

Texas

Latitude

26.1857

Longitude

-98.2015

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