
Listed by Encore Fine Properties
$18,000,000
1514 Hope Street
Details
APN V1525000000109000
Property Type Land
Sub Type Commercial, Other
Square Footage 93,150
Year Built 2024
Acreage 18.000
Land | 18 acres
Marketing 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. Complete financial package, rent roll, and additional due diligence materials available upon request.
Listing Contacts

Listed by Encore Fine Properties
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