For Sale
$314,900

198 Dawson RdMercedes, TX 78570

Five-unit apartment complex near RGV Outlets

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a five-unit apartment complex situated on a one-acre lot in Mercedes, Texas, at 198 Dawson Road, zip code 78570. The property, built in 1973, comprises three separate structures. Four of the five units are framed, with one unit already finished, boasting brand new flooring and sheetrock. Its prime location offers easy access to the RGV Premium Outlets and the expressway, enhancing its desirability and rental potential. Currently, the property has one water meter and one electric meter; however, approval has been granted for the installation of five individual electric meters, maximizing efficiency and revenue streams. The property's proximity to new multifamily developments underscores its significant growth potential. This unique property presents a compelling investment opportunity for those seeking to expand their portfolio with a high-return asset in a rapidly developing area. The asking price is $314,900.

Highlights

  • $314,900 asking price for a 5-unit multifamily property.
  • Located in Mercedes, TX, at 198 Dawson Road, on a 1-acre lot.
  • Property features three buildings, built in 1973.
  • Four units are framed, one unit is sheeted with new flooring.
  • Desirable location near RGV Premium Outlets and expressway; potential for high rental income.

Property Details for 198 Dawson Rd

Property type
Apartment buildings, Small apartment buildings
Year Built
1973
Buildings
3
Lot Size (sq. ft)
43,560 SF
Units
5

Location Insight

City
Mercedes
County
Hidalgo
State
Texas
Latitude
26.15272
Longitude
-97.9017787
198 Dawson Rd, Mercedes, Texas

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198 Dawson Rd
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