For Sale
$1,527,000

802 Starr StMercedes, TX 78570

12-Unit Apartment Complex, Newly Built

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a newly constructed 12-unit apartment building located at 802, 806, and 807 E Starr Street in Mercedes, Texas. The property, boasting a total of 12,144 square feet, comprises three 4-plex buildings, each unit featuring two bedrooms and two bathrooms. This translates to a total of 24 bedrooms and 24 bathrooms across the entire complex. Built in 2024, the property offers modern living spaces designed for comfort and convenience. The strategic location, just off the expressway and near the vibrant Mercedes commercial district, ensures high occupancy rates and strong rental income potential. The asking price is $1,527,000, representing a price per square foot of $125.74. The property's Hidalgo County location, with a zip code of 78570, offers investors access to a growing market with significant potential for appreciation. This is a turnkey investment ready to generate immediate returns. The property's modern design and prime location make it an ideal investment for those seeking a high-yield, low-maintenance asset in a thriving Texas community. The property's APN is D1650-00-000-0022-000. This is a rare opportunity to acquire a brand-new, high-quality multifamily property in a desirable location.

Highlights

  • $1,527,000 asking price for a 12,144 sq ft multifamily apartment building.
  • Brand new (2024 construction) 3 fourplex buildings totaling 12 units.
  • Each unit features 2 bedrooms and 2 bathrooms.
  • Located in Mercedes, TX (78570), near the expressway and commercial district.
  • Price per square foot is $125.74.

Property Details for 802 Starr St

Property type
Apartment buildings
Square Feet
12,144 SF
Year Built
2024

Location Insight

City
Mercedes
County
Hidalgo
State
Texas
Latitude
26.1565137
Longitude
-97.9017018
802 Starr St, Mercedes, Texas

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802 Starr St
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