For Sale
$775,000

7222 Mile 2Mercedes, TX 78570

Four-unit apartment complex, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity in Mercedes, Texas, presents a compelling chance to acquire a four-unit apartment building situated on a substantial 9.23-acre lot. The property boasts a strategic location directly on Mile 2 Road, less than a mile from Expressway 83, ensuring excellent accessibility and visibility. The complex comprises four separate buildings, three of which have been fully renovated and are currently generating rental income through existing leases. The property's significant acreage offers considerable potential for future development. The expansive land provides ample space to construct additional rental units, catering to the growing local demand for housing. This presents a unique opportunity to expand the existing rental portfolio and capitalize on the area's development potential. The existing buildings, combined with the vast undeveloped land, create a versatile investment, allowing for both immediate income generation and long-term growth through strategic expansion. The property's location near Expressway 83 further enhances its appeal, providing convenient access to major transportation routes. Built in 1987, this property offers a blend of established income and significant future development potential. This is a rare chance to acquire a multifamily property with substantial land in a rapidly growing area.

Highlights

  • $775,000 asking price.
  • Multifamily property with four units.
  • Four buildings on a 9.23-acre lot in Mercedes, TX.
  • Built in 1987.
  • Three units currently leased.

Property Details for 7222 Mile 2

Property type
Apartment buildings, Small apartment buildings
Year Built
1987
Buildings
4
Lot Size (sq. ft)
402,059 SF
Units
4

Location Insight

City
Mercedes
County
Hidalgo
State
Texas
Latitude
26.1443743
Longitude
-97.8775386
7222 Mile 2, Mercedes, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
7222 Mile 2
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message