Apartment Building with
For Sale
$359,000
808 Bronze Dr, Pharr, TX 78577
Multifamily property with two-bedroom residences, private fenced yards, and individually metered utilities.
Property Size3,640 SF
Price / SF$98.63
Days on Market74
Property Features for 808 Bronze Dr
General Information
Standard status
Active
Size
3,640 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$7,883
Amenities
washer and dryer
fenced yard
Listing Agency:
TNT Real Estate
(956) 322-3020
Listed By:
Mona Young Kim
(956) 821-9589
Source:
Exprealty
Added: Aug 2
Changed: Oct 2
Last Checked: Oct 12 at 10:22PM
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 TNT Real Estate
Investment Insights
Based on property information with market context.
This apartment property includes residences configured with two bedrooms and two baths, with approximately 910 square feet per unit according to HCAD. Interior features include tile flooring, closet laundry, and kitchens equipped with a stove/oven, refrigerator, washer, and dryer. Each residence also has a fenced yard and a two-car carport.
Utilities are separately metered, with 5 water meters and 5 electric meters serving the property. The building is located near the 281 Expressway/69 interchange and the Sugar and Nolana area, with shopping, restaurants, and banking nearby.
Utilities are separately metered, with 5 water meters and 5 electric meters serving the property. The building is located near the 281 Expressway/69 interchange and the Sugar and Nolana area, with shopping, restaurants, and banking nearby.
Key Highlights
- Approximately 910 square feet per unit, per HCAD
- Each unit offers 2 bedrooms and 2 baths
- Two‑car carport assigned to each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,307
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$586,140
$586.1K
Cap Rate 7%
$418,671
$418.7K
Cap Rate 9%
$325,633
$325.6K
Market Conditions
NOI Build-Up for 3,640 SF
Gross rent
$60.3K $16.56/SF
− Vacancy
−$7.0K −$1.92/SF
EGI
$53.3K $14.64/SF
− OpEx
−$24.0K −$6.59/SF
NOI
$29.3K $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%
$586,140
Cap Rate 7%
$418,671
Cap Rate 9%
$325,633
Alternative Uses
Best Use
Apartment 5plus
$418.7K
$366.3K – $488.5K
NOI $29,307 @ 7.0% cap · market cap 8.16%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.74M
$2.40M – $3.20M
NOI $191,919 @ 7.0% cap · market cap 53.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with two-bedroom residences, private fenced yards, and individually metered utilities.
Where is this apartment building located?
The property is located at 808 Bronze Dr Pharr, TX.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Approximately 910 square feet per unit, per HCAD; Each unit offers 2 bedrooms and 2 baths; Two‑car carport assigned to each unit
