For Sale
$1,200,000

105 10Th St Mercedes, TX 78570

17-Unit Apartment Complex, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional multifamily investment opportunity presents a 17-unit apartment complex ideally situated in the heart of Mercedes, Texas. The property, located at 105 E 10th Street, comprises four buildings on a spacious 1.056-acre lot, offering ample parking. Built in 1989, the complex features seventeen 2-bedroom, 1-bathroom units, each designed for comfortable living. Fifteen units boast tile flooring, enhancing their appeal and durability. The property benefits from on-site laundry facilities, with washers and dryers included in the sale, along with the gas water heater. Roof shingles were recently replaced in 2019, minimizing future maintenance concerns. Appliances are updated as needed, ensuring consistent functionality and tenant satisfaction. The property enjoys a strong rental history, demonstrating its consistent income-generating potential. Its convenient location near schools, a science academy, and the Mercedes Outlet Mall adds to its desirability. This turnkey investment offers a compelling opportunity for immediate income and long-term growth in a thriving Texas market. The asking price for this exceptional property is $1,200,000.

Highlights

  • 17-unit multifamily property in Mercedes, TX.
  • Located at 105 E 10th Street on a 1.056-acre lot with ample parking.
  • Built in 1989, featuring seventeen 2-bedroom, 1-bathroom units.
  • Fifteen units have tile flooring; on-site laundry facilities included in sale.
  • New roof in 2019; appliances updated as needed.
  • Strong rental history; near schools, science academy, and Mercedes Outlet Mall.

Property Details for 105 10Th St

Property type
Apartment buildings, Small apartment buildings
Year Built
1989
Buildings
4
Lot Size (sq. ft)
45,999 SF
Units
17

Location Insight

City
Mercedes
County
Hidalgo
State
Texas
Latitude
26.142295098408
Longitude
-97.909005162808

FAQs

What type of property is this?
Apartment building - 17-Unit Apartment Complex, High ROI
Where is the apartment building located?
The property is located at 105 10Th St Mercedes, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 17-unit multifamily property in Mercedes, TX.; Located at 105 E 10th Street on a 1.056-acre lot with ample parking.; Built in 1989, featuring seventeen 2-bedroom, 1-bathroom units.
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.
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105 10Th St
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