198 Dawson RdMercedes, TX 78570
- Residential income properties
- 1.00 AC
Property Details for 198 Dawson Rd
- Year built
- 1973
- Lot size
- 1.00 AC
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
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.
Location Insight
- City
- Mercedes
- County
- Hidalgo
- State
- Texas
- Latitude
- 26.1527
- Longitude
- -97.9018
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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].