Hummingbird Apartments 1300 Hummingbird Ct 16 Unit Apartment Building $2,780,000 ($173,750/Unit) 6.19% Cap Rate Pharr, TX 78577

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