3117 S SPANISH PALMS DRIVE, MERCEDES, TX 78570
Homes for sale in Mercedes.
Homes for sale in 78570.
3117 S Spanish Palms Drive
Mercedes, TX 78570
List Price$199,000
Listing #498583
5,252
Square Feet
5
Number of Units
Multi-Unit Residential
Type
About This Property
Great Investment Property in Mercedes, TX! This 5 Unit Apartment Complex is the perfect fixer upper for any investor looking to maximize their cash flow portfolio! All units ara vacant as the interior of the property needs remodeling. Property already counts with a full roof replacement done in May 2024! Apartment Complex features 2 units composed of 3 bedrooms/2 baths & 3 units of 2 bedrooms/2 baths. Don't miss an opportunity to create a cash flowing asset for yourself!
Property Features
Location Information
County
Hidalgo
Directions
Driving North on Mile Three Rd W, once you pass Mile 13 N Rd, Turn West (Left) on Spanish Palms, property will be to your right.
Subdivision
Spanish Palms
Interior Features
Interior
Ceiling Fan(s)
Laundry
Laundry Area, Washer/Dryer Connection
Heating
Central, Other HVAC
Appliances
Electric Water Heater, Water Heater (Other Location), No Conveying Appliances
Cooling
Central Air, Other HVAC
Total Number of Units
5
Floors
Other, Tile
Features
Curbs
Exterior Features
Construction
Block, Stucco
Parking Spaces
10
Foundation
Slab
Fencing
Chain Link, Other, Privacy
Roof
Shingle
Lot Size in Acres
0.518
Possession
Closing and Funding
Lot Size in Sq. Ft.
22,547
Septic or Sewer
Septic Tank
Buildings
Outbuilding (None)
Water
Public
Energy Features
None
Parking Description
Other Garage or Carport
Road Description
Paved
Garage Spaces
0
School
Elementary School District
Mercedes ISD
Middle School
Ybarra
Elementary School
Santiago
High School
Edcouch-Elsa H.S.
Additional Information
Property Type
RI
Units in Complex
5
Property SubType
Multi Family
Taxes
7192
Year Built
1998
Tax Year
2025
APN
S531000002000300
Square Feet Source
HidalgoCAD
Status
Pending
Similar Listings
Mortgage Calculator
$928
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$717
Monthly Tax
$165
Monthly Insurance
$46
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
Real Estate IDX Powered by iHomefinder