Turnkey 16-Unit Multifamily w/ Airbnb Component – 1300 Hummingbird Ct, Pharr, TX 78577
Fully Occupied | 6.5% Cap Rate | Airbnb Income | $2.78M | 1031 Exchange
This is a rare opportunity to acquire Hummingbird Apartments, a high-performing 16-unit multifamily property in the rapidly growing Pharr-McAllen-Edinburg market. The property blends traditional long-term tenants with short-term rental income, offering both stability and upside.
Investment Highlights:
• Total Units: 16
• Unit Mix: All 2 Bed / 2.5 Bath
• Unit Size: Approx. 1,100 sq. ft. per unit
• Total Building Size: 17,600 sq. ft.
• Year Built: 2016 (Phase 1 - 8 units) & 2025 (Phase 2 - 8 units)
• Occupancy: 100%
• Cap Rate: 6.5%
• NOI: $172,000
• Short-Term Rentals: 5 units currently on Airbnb, growing to 9 units this month
• Metering: Individually metered for all utilities
• Laundry: In-unit laundry in 13 of 16 units
• Parking: Ample on-site parking
• Zoning: No restrictions
• Price: $2,780,000
• Location: 1300 Hummingbird Ct, Pharr, TX 78577
Included in Sale:
• All furniture, appliances, and contents of Airbnb units
• Airbnb/short-term rental accounts with full booking history
• Existing team supporting short-term rental operations
• Operational SOPs, if requested, for seamless ownership transition
Why This Asset:
• Stable long-term tenants + high-yielding short-term units
• Built in two modern phases — minimal deferred maintenance
• Excellent fit for out-of-state or hands-off investors
• Ideal for 1031 exchange buyers seeking cash flow and appreciation potential
• Located near major commercial corridors, the Pharr-Reynosa International Bridge, and regional hospitals/universities