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34436262
34436263

1514 Hope Street, Mercedes, TX 78570 For Sale

AB
TREC # 0712106
Encore Fine Properties
Listed by Encore Fine Properties
$18,000,000
3 days on market
Updated 3 days ago

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.
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Listing Contacts

AB
TREC # 0712106
Encore Fine Properties
Listed by Encore Fine Properties

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