1514 Hope Drive, Mercedes, TX 78570
- $18,000,000
- 93,150
- SqFt
- List Price
- $18,000,000
- Status
- ACTIVE
- MLS#
- 509665
- Living Area
- 93,150
- Lot Size (Acres)
- 18
- Year Built
- 2024
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.
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Additional Information
- Area
- Mercedes
- Subdivision
- Valley Ranch
- Stories
- 1
- Interior Features
- Ceiling Fan(s)
- Exterior Features
- Sprinkler System
- Amenities
- Sidewalks, Street Lights
- Exterior Features
- Sprinkler System
- Heating
- Central, Electric
- School District
- Mercedes ISD
- Elementary School
- Hinojosa
- Middle School
- Sgt. Harold
- High School
- Mercedes H.S.
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Listing courtesy of Winners Circle.