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Listed by WINNERS CIRCLE
$ 18,000,000
Active
1514 Hope ST Mercedes, TX 78570
93,150 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 93,150 sqft
Subdivision Valley Ranch
MLS Listing ID 509731
HOA Y/N No
Year Built 2024
Annual Tax Amount $383,062
Tax Year 2025
Lot Size 18.000 Acres
Acres 18.0
Property Sub-Type Commercial
Source Greater McAllen
Property Description
Institutional-quality Build-to-Rent investment opportunity in the growing Valley Ranch Estates community in Mercedes, Texas. This 81-home single-family rental portfolio is approximately 95% occupied and features a mix of 3- and 4-bedroom homes, generating approximately $1.7 million in stabilized annual gross income with an estimated NOI of $1.06 million. Ideally located just off Expressway 83 behind the Rio Grande Valley Premium Outlets, the property offers exceptional access to major retail, dining, and employers. A rare opportunity to acquire a stabilized, income-producing residential community with strong cash flow and long-term growth potentia. Complete financial package, rent roll, and additional due diligence materials available upon request.
Location
State TX
County Hidalgo
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Tile
Appliance Electric Water Heater
Exterior
Exterior Feature Sprinkler System
View Y/N No
Roof Type Shingle
Garage No
Building
Lot Description See Remarks
Faces From Expressway 83, north on mile 1 e, west on Hope Dr. Subdivision is just North west of the premium outlets.
Story 1
Structure Type Stucco
New Construction No
Others
Tax ID V1525000000109000