1 / 1017-Unit Multifamily in Mercedes, TX
Hidalgo County, TX · listed Mar 15, 2024 (957 days)
- $/unit
- $70,588
- ▼ 29% vs TX · 24th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 17
- 4 bldg · 1989
Financials
- Asking price
- $1,200,000
- Price per unit
- $70,588
- Price per sq ft
- Not stated
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 17
- Unit mix
- All apartments are 2 bedrooms 1 bath units
- Buildings
- 4
- Year built
- 1989
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- 1.06 acres
- Condition
- Not stated
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Mar 15, 2024
- Days on market
- 957 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 2197
About this property
It's a great time to add a Multifamily, 16-unit with onsite laundry facilities, income-generating, property to your portfolio! The five buildings sit on 1 acre (+/-) plenty of parking spaces in the middle of downtown Mercedes. All apartments are 2 bedrooms 1 bath units. Roof shingles were replaced in 2019, and 15 apartments have tile flooring. Appliances are replaced as needed. Great Rental History. The property is conveniently close to schools, and a science academy, and minutes from the Mercedes Outlet Mall. Washers and Dryers are owned outright and are conveyed with the sale, along with the gas water heater.
Multifamily | 17 Units
Location
Approximate area. The exact address is shared on request.
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