1514 HOPE STREET, MERCEDES, TX 78570

Homes for sale in Mercedes.

Homes for sale in 78570.


Active

List Price$18,000,000

1514 Hope Street

Mercedes, TX 78570

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

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

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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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