Mercedes, Texas
1514 Hope Street
Mercedes, TX 78570
Map location unavailable
$18,000,000
- Beds
- N/A
- Baths
- N/A
- Square feet
- 93,150
- Lot
- 18 acres
- Year built
- 2024
- Type
- Commercial
- Status
- For Sale
- MLS #
- 509731
About this home
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.
Features
Schedule a tour
When would you like to visit?
Pick a day that works. We will confirm a time within a few hours. In-person or video tours available.