1014 Starr St - Apartments FOR SALE


Mercedes, TX 78570
$480,000 USD
956-777-9340
1014 Starr St, Mercedes, TX for Sale
$480,000 USD
Apartments - FOR SALE
1/24
null | 7.58% 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

Fourplexes for sale in Mercedes, TX. Mercedes, TX is a perfect middle commute to the McAllen, TX or Brownsville, TX areas. Construction completed October 2023- January 2024. Prime Location: Seconds away from highway, minutes away from the Rio Grande Valley Premium Outlets, minutes away from schools. The Fourplexes are in a multifamily subdivision with all Fourplexes having a uniform facade. The fourplex has the front units being 2bedroom/2bath and back units being 3bedroom/2bath. Units have a modern open concept floorplan with wood like tile throughout (no carpet). Kitchen custom cabinets, large island with quartz countertops.Spacious bedrooms with large closets. Master bedroom has a bathroom with tiled shower with glass door and spacious closet.All units have their own private fenced backyard. The back units will have a grassed backyard and the front units will have a concrete side yard. Stainless steel refrigerators, stoves, microwaves included as well as washer and dryer. 8 Carport Designated Spaces per fourplex. Tenants pay their own utilities. Great Investment Opportunity, Immediate Cash Flow! Fully Leased! There are 19 Fourplexes available for sale at $480,000 EACH fourplex (76 doors) . All Fourplexes are FULLY LEASED. Buildings can be sold as a bulk or individually. Some Fourplexes have white cabinets and others have brown cabinets. Some finishes may vary* Furniture shown is for staging purposes only, furniture is not included, apartments are not furnished. If you have any questions, please feel free to contact me! LA is related to Seller. LA/Owner. Seller is a licensed real estate agent in Texas.

FOR SALE DETAILS

PRICE

$480,000 USD

PRICE/SF

$119 USD /SF

# OF UNITS

4

PRICE/UNIT

$120,000

CAP RATE

7.58%

% 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

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

Daniela PerezDaniela PerezMore Info
956-777-9340

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