1514 HOPE STREET, MERCEDES, TX 78570
Homes for sale in Mercedes.
Homes for sale in 78570.
List Price$18,000,000
1514 Hope Street
Mercedes, TX 78570
Listing #509731
93,150
Square Feet
Commercial
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. Complete 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
Heating
Central, Electric
Appliances
Electric Water Heater
Cooling
Central Air, Electric
Windows/Doors Description
Energy Features (Double Pane Windows)
Floors
Tile
Exterior Features
Construction
Stucco
Lot Description
See Remarks
Exterior
Sprinkler System
Lot Size in Acres
18
Roof
Shingle
Lot Size in Sq. Ft.
784,080
Possession
Closing and Funding
Present Use
Other
Parking Description
Other
Building Total Area (Sq. Ft.)
93,150
Garage Spaces
0
Road Description
Paved Road
Parking Spaces
0
Road Frontage
City Street
Patio / Deck Description
Patio, Patio Slab
Additional Information
Property Type
COM
Units in Complex
1
Property SubType
Commercial
Taxes
383062
Year Built
2024
Tax Year
2025
APN
V1525000000109000
Square Feet Source
Blue Prints
Status
Active
Similar Listings
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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