For Sale
$480,000

1014 Starr StMercedes, TX 78570

New 4-unit apartment building, excellent cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a brand-new, four-unit apartment building ideally situated in Mercedes, Texas, at 1014 Starr Street, 78570. Built in 2024, this property boasts a total of 4,050 square feet across two buildings on an 11,286.83 square foot lot. Each of the four units features a modern, open-concept floor plan with wood-like tile throughout. Kitchens are equipped with custom, high-ceiling cabinets, modern quartz countertops, and islands offering ample storage. Spacious bedrooms include large closets, and the master bedroom in each unit includes an expansive bathroom and closet. Privacy is ensured with each unit possessing its own private fenced backyard. Further enhancing tenant appeal, each unit comes complete with a new refrigerator, stove, microwave, washer, and dryer. The property also provides eight carport spaces for convenient parking. Future tenants will be responsible for their own utilities. Its proximity to the expressway and the Rio Grande Valley Premium Outlets adds significant value and rental appeal. This property represents a compelling investment opportunity with immediate cash flow potential.

Highlights

  • $480,000 asking price for a fourplex.
  • Multifamily property with four units.
  • 4,050 square feet on an 11,286 square foot lot.
  • Two buildings, built in 2024.
  • Located in Mercedes, TX, near the Expressway and Rio Grande Valley Premium Outlets.
  • Modern open floor plans, custom cabinets, quartz countertops, and stainless steel appliances included.

Property Details for 1014 Starr St

Property type
Apartment buildings, Small apartment buildings
Square Feet
4,050 SF
Year Built
2024
Buildings
2
Units
4

Location Insight

City
Mercedes
County
Hidalgo
State
Texas
Latitude
26.1556863
Longitude
-97.9122648
1014 Starr St, Mercedes, Texas

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1014 Starr St
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