Multifamily Property with Hardwood
For Sale
$219,000
553 Villa Verde Dr., Brownsville, TX 78520
Residential income property with multiple unit areas, including an owner-occupied residence and unfinished efficiency space.
Property Size2,079 SF
Price / SF$105.34
Days on Market88
Property Features for 553 Villa Verde Dr.
General Information
Standard status
Active
Size
2,079 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
Some TLC Needed
Building Details
Year Built
1972
Listing Agency:
RCR Real Connect Realty
Listed By:
Catalina Presas · License #0546920
(956) 459-4116
Source:
Accessrealtyrgv
Added: Jul 21
Changed: Sep 15
Last Checked: Oct 7 at 3:44PM
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 RCR Real Connect Realty
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Investment Insights
Based on property information with market context.
This 1972 multifamily property includes a primary residence identified as Unit A, along with Units B and C. A possible Unit D is configured as an efficiency but requires completion. Unit B is owner-occupied. The home features hardwood flooring throughout and spacious bedrooms. The property size is 2,079, with some areas requiring TLC and additional work before full use.
Key Highlights
- Multifamily property built in 1972
- Unit A serves as the main home
- Units B and C are included; a possible Unit D efficiency needs completion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,730
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,600
$314.6K
Cap Rate 7%
$224,714
$224.7K
Cap Rate 9%
$174,778
$174.8K
Market Conditions
NOI Build-Up for 2,079 SF
Gross rent
$30.7K $14.76/SF
− Vacancy
−$2.1K −$1.00/SF
EGI
$28.6K $13.76/SF
− OpEx
−$12.9K −$6.19/SF
NOI
$15.7K $7.57/SF
Area
Brownsville, TX
Vacancy
6.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,600
Cap Rate 7%
$224,714
Cap Rate 9%
$174,778
Alternative Uses
Best Use
Apartment 5plus
$224.7K
$196.6K – $262.2K
NOI $15,730 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$358.0K
$313.2K – $417.6K
NOI $25,058 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,478
Businesses Nearby
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Business Placement
Demographics for 78520, TX
64,949
Population
22,543
Households
2.9
Avg Household Size
34
Median Age
23%
College-Educated
69%
High-School Grad
39.7 sq mi
ZIP Area
1,636
Density / Sq Mi
$47,331
Median Household Income
$27,529
Median Earnings
$842
Median Rent
$129,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Residential income property with multiple unit areas, including an owner-occupied residence and unfinished efficiency space.
Where is this multifamily property located?
The property is located at 553 Villa Verde Dr. Brownsville, TX.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Multifamily property built in 1972; Unit A serves as the main home; Units B and C are included; a possible Unit D efficiency needs completion
