1514 HOPE DRIVE, MERCEDES, TX 78570

Homes for sale in Mercedes.

Homes for sale in 78570.


Active

List Price$18,000,000

1514 Hope Drive

Mercedes, TX 78570

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #509665

93,150

Square Feet

81

Number of Units

Multi-Unit Residential

Type

About This Property

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.lComplete financial package, rent roll, and additional due diligence materials available upon request.

Property Features

Location Information

County

Hidalgo

Directions

From Expressway 83, north on mile 1 e, west on Hope Dr. Subdivision is just North west of the premium outlets.

Subdivision

Valley Ranch

Interior Features

Interior

Ceiling Fan(s)

Appliances

Electric Water Heater, Microwave, Refrigerator, Stove/Range

Heating

Central, Electric

Total Number of Units

81

Cooling

Central Air, Electric

Features

Sidewalks, Street Lights

Floors

Tile

Windows/Doors Description

Energy Features (Double Pane Windows)

Laundry

Laundry Room, Washer/Dryer Connection

Exterior Features

Construction

Stucco

Garage Spaces

0

Exterior

Sprinkler System

Parking Spaces

0

Foundation

Slab

Fencing

Privacy, Wood

Roof

Shingle

Patio / Deck Description

Patio, Patio Slab

Possession

Closing and Funding

Lot Description

Sidewalks, Sprinkler System

Septic or Sewer

City Sewer

Lot Size in Acres

18

Water

Public

Lot Size in Sq. Ft.

784,080

Security Features

Smoke Detector(s)

Buildings

Outbuilding (None)

Parking Description

No Carport, No Garage

Road Description

Paved

School

Elementary School District

Mercedes ISD

Middle School

Sgt. Harold

Elementary School

Hinojosa

High School

Mercedes H.S.

Additional Information

Property Type

RI

Units in Complex

2

Property SubType

Multi Family

Taxes

383062

Year Built

2024

Tax Year

2024

APN

V152500000010900

Square Feet Source

Blue Prints

Status

Active

Mortgage Calculator

$84,063

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$64,863

Monthly Tax

$15,000

Monthly Insurance

$4,200

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

Walk Score

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