1514 Hope Drive, Mercedes, TX 78570
- $17,900,000
- 93,150
- SqFt
- List Price
- $17,900,000
- Status
- ACTIVE
- Price Change
- ▼ $100,000 1787177972
- MLS#
- 509665
- Year Built
- 2024
- Living Area
- 93,150
- Lot Size
- 784,080
- Acres
- 18
- Subdivision
- Valley Ranch
- MLS Area Major
- Mercedes
Property Description
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.
/u.realgeeks.media/dollyelizondo/ereal-estate-depot-central-texas-real-estate-listing-branding.jpg)
Additional Information
- Amenities
- Sidewalks, Street Lights
- Interior Features
- Ceiling Fan(s)
- Exterior Features
- Sprinkler System
- Taxes
- $383,062
- Appliances
- Electric Water Heater, Microwave, Refrigerator, Stove/Range
- Heating
- Central, Electric
- Air Conditioning
- Central Air, Electric
- Stories
- 1
- Foundation
- Slab
- Parking Features
- No Carport, No Garage
- School District
- Mercedes ISD
- Elementary School
- Hinojosa
- Middle School
- Sgt. Harold
- High School
- Mercedes H.S.
Mortgage Calculator
Listing courtesy of Avinaash Nash Buxani with Winners Circle