1514 HOPE DRIVE, MERCEDES, TX 78570
Homes for sale in Mercedes.
Homes for sale in 78570.
List Price$18,000,000
1514 Hope Drive
Mercedes, TX 78570
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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