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1514 Hope Drive

Mercedes TX 78570

93150 sq. ft.
784080 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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.lComplete financial package, rent roll, and additional due diligence materials available upon request.

Features

93150 sq. ft. floor area
784080 sq. ft. lot size
Multi-Family

Happy sellers in Mercedes

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We have insufficient information to provide an overview of customer satisfaction for Mercedes. Viewing the agent profiles, reviews and sales for Mercedes can provide insights for this location.

Local market activity for multi families in Mercedes

In the last 12 months, 2 multi families similar to 1514 Hope Drive, have been sold.

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(619) 566-0008
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