4-Unit Apartment
New
For Sale
$409,000
1701 W Bronze Street, Pharr, TX 78577
Each residence includes a private fenced yard and two assigned covered parking spaces.
Property Size4,402 SF
Price / SF$92.91
Days on Market7
Property Features for 1701 W Bronze Street
General Information
Standard status
Active
Size
4,402 SF
Total Parking Spaces
8
Property subtype
Multi Family Home
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$11,885
Amenities
gated community
Ceiling Fan(s)
Dryer
Microwave
Washer
Building Details
Building Size
4,402 SF
Year Built
2006
Buildings
2
Stories
1
Units
4
Listing Agency:
Cultura Real Estate
(956) 803-0341
Listed By:
Tanya Chapa Villarreal
(956) 933-4660
Source:
Culturare
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 3:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cultura Real Estate
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Investment Insights
Based on property information with market context.
Located within the gated Jackson South Apartments community, this fourplex contains four 2-bedroom, 2-bath residences. Each unit offers approximately 1,014 square feet, an open kitchen with granite counters, a refrigerator and stove, tile flooring, ceiling fans, and a utility closet with a full-size washer and dryer. Granite countertops are also featured in the bathrooms. The property was built in 2006.
Residents have private fenced backyards and two assigned covered parking spaces per unit. The community is approximately 10–12 minutes from destinations including Sam's Club, Costco, H-E-B, Target, La Plaza Mall, Rio Grande Regional Hospital, and McAllen International Airport.
Residents have private fenced backyards and two assigned covered parking spaces per unit. The community is approximately 10–12 minutes from destinations including Sam's Club, Costco, H-E-B, Target, La Plaza Mall, Rio Grande Regional Hospital, and McAllen International Airport.
Key Highlights
- Four residences, each with 2 bedrooms and 2 bathrooms
- Approximately 1,014 SF per unit
- Open kitchens with granite countertops, refrigerator, and stove
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,443
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,860
$708.9K
Cap Rate 7%
$506,329
$506.3K
Cap Rate 9%
$393,811
$393.8K
Market Conditions
NOI Build-Up for 4,402 SF
Gross rent
$72.9K $16.56/SF
− Vacancy
−$8.5K −$1.92/SF
EGI
$64.4K $14.64/SF
− OpEx
−$29.0K −$6.59/SF
NOI
$35.4K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,860
Cap Rate 7%
$506,329
Cap Rate 9%
$393,811
Alternative Uses
Best Use
Multifamily LT 5
$549.9K
$481.2K – $641.6K
NOI $38,495 @ 7.0% cap · market cap 9.41%
Second Best
Apartment 5plus
$506.3K
$443.0K – $590.7K
NOI $35,443 @ 7.0% cap · market cap 8.67%
Theoretical Best
Hotel Hospitality
$3.32M
$2.90M – $3.87M
NOI $232,095 @ 7.0% cap · market cap 56.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
884
Businesses Nearby
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Business Placement
Demographics for 78577, TX
79,937
Population
26,568
Households
3
Avg Household Size
30
Median Age
18%
College-Educated
70%
High-School Grad
26.0 sq mi
ZIP Area
3,075
Density / Sq Mi
$49,768
Median Household Income
$28,186
Median Earnings
$988
Median Rent
$111,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence includes a private fenced yard and two assigned covered parking spaces.
Where is this quadplex located?
The property is located at 1701 W Bronze Street Pharr, TX.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: Four residences, each with 2 bedrooms and 2 bathrooms; Approximately 1,014 SF per unit; Open kitchens with granite countertops, refrigerator, and stove
