1014 Starr St - Apartments FOR SALE


Mercedes, TX 78570
$455,000 USD
956-777-9340
1014 Starr St, Mercedes, TX for Sale
$455,000 USD
Apartments - FOR SALE
1/24
null | 8.16% Cap Rate

1014 Starr St
Mercedes, TX 78570


HIGHLIGHTS

  • PRIME LOCATION RIGHT OFF THE HIGHWAY AND MINUTES AWAY FROM RIO GRANDE PREMIUM OUTLETS
  • BUILDINGS COMPLETED OCTOBER 2023
  • HIGH OCCUPANCY

OVERVIEW

Modern Fourplexes for Sale | Fully Leased | Mercedes, TX Price: $455,000 per Fourplex (4 Doors) Available: 18 Fourplexes (72 Doors Total) Completed: Oct 2023 – Jan 2024 Prime Location: Mercedes, TX – centrally located between McAllen/ Edinburg/Brownsville- Community is Right off The Expressway, Minutes Away from the Rio Grande Valley Premium Outlets Investment Highlights: Fully Leased – Immediate Cash Flow Turnkey Multifamily Opportunity Modern Construction (2023–2024) Tenant-Paid Utilities Each fourplex features: Front Units: 2 Bed / 2 Bath Rear Units: 3 Bed / 2 Bath Wood-Look Tile Flooring throughout (no carpet) Custom Kitchens with large islands, quartz countertops, and premium cabinetry (white or brown options) Stainless Steel Appliances: Refrigerator, stove, microwave, washer (White) & dryer (White) included Spacious Bedrooms with large closets Primary Suites with tiled showers, glass doors & walk-in closets Private Fenced Yards: •Rear units – grassed backyards •Front units – concrete side yards 8 Designated Carport Spaces per Fourplex All buildings are fully occupied and can be purchased individually or as a 18-property portfolio (72 total doors) — a rare opportunity to own an income-producing multifamily assets in the heart of the Rio Grande Valley. For more information or to schedule a private showing please text, email, call today! Listing Agent is related to Seller. Seller/Listing Agent is a licensed real estate agent in Texas. -Furniture shown is for staging purposes only. Units are not furnished.

FOR SALE DETAILS

PRICE

$455,000 USD

PRICE/SF

$112 USD /SF

# OF UNITS

4

PRICE/UNIT

$113,750

CAP RATE

8.16%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

Multi-Family

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Daniela PerezDaniela PerezMore Info
956-777-9340

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Daniela PerezDaniela PerezMore Info
956-777-9340

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.