About 2109 N Dahlia Street
Prime location investment opportunity in the gated community of VIP Estates in Pharr, TX. This corner-lot 4-plex was built in 2005 and features four spacious units, each offering 2 bedrooms and 2 bathrooms. Three units are currently leased, with one vacant unit ready for improvements and immediate lease-up, providing value-add potential. Current leases are $950 x unit with upside as the market continues to strengthen. Tenants pay their own utilities, helping keep operating expenses low. Estimated cap rate of approximately 7.5% based on current rents and operating expenses, subject to buyer verification. Property offers solid layout, good structural integrity, and is located in a well-maintained neighborhood with controlled access. Ideal for investors seeking steady income with future growth potential.
Features of 2109 N Dahlia Street
| MLS® # | 516078 |
|---|---|
| Price | $360,000 |
| Square Footage | 3,640 |
| Acres | 0.21 |
| Year Built | 2005 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 2109 N Dahlia Street |
|---|---|
| Subdivision | Vip Estates |
| City | Pharr |
| County | Hidalgo |
| State | TX |
| Zip Code | 78577 |
Amenities
| Utilities | Cable Available |
|---|---|
| Parking Spaces | 8 |
| Parking | Garage Faces Rear |
| Is Waterfront | No |
| Has Pool | No |
| Laundry Features | Laundry Area, Washer/Dryer Connection |
| Community Amenities | Sidewalks, Street Lights |
Interior
| Interior Features | Built-in Features, Ceiling Fan(s), Dryer, Other, Split Bedrooms, Walk-In Closet(s), Washer |
|---|---|
| Appliances | Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range-Electric Coil, Washer |
| Heating | Central |
| Cooling | Central Air |
| Total # of Units | 4 |
| # of Buildings | 2 |
Exterior
| Exterior Features | Mature Trees, Sprinkler System |
|---|---|
| Lot Description | Corner Lot, Mature Trees, Sidewalks, Sprinkler System |
| Roof | Shingle |
| Construction | Brick |
| Foundation | Slab |
School Information
| District | PSJA ISD |
|---|---|
| Elementary | Ramirez |
| Middle | LBJ |
| High | PSJA H.S. |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| HOA Fees | $600 |
| HOA Fees Freq. | Annually |
| Property Insurance | $3,200 |
| Gross Income | $45,600 |
| HOA Association | Yes |
Listing Details
| Agent | Leonardo De Leon |
|---|---|
| Office | Golden Valley Real Estate |
| Contact Info | 956-821-4200 |