$18,000,000

Multi Family In Mercedes

  • 93,150 Sqft
  • 18.0 Ac lot
  • Updated: July 15
  • 33
    Views for last 30 days
  • 2
  • Source:
    Greater McAllen Association of REALTORS  MLS#509665

About the Property

Institutional-quality Build-to-Rent investment opportunity in the growing Valley Ranch Estates community in Mercedes, Texas. This 81-home single-family rental portfolio is approximately 95% occupied and features a mix of 3- and 4-bedroom homes, generating approximately $1.7 million in stabilized annual gross income with an estimated NOI of $1.06 million. Ideally located just off Expressway 83 behi
Institutional-quality Build-to-Rent investment opportunity in the growing Valley Ranch Estates community in Mercedes, Texas. This 81-home single-family rental portfolio is approximately 95% occupied and features a mix of 3- and 4-bedroom homes, generating approximately $1.7 million in stabilized annual gross income with an estimated NOI of $1.06 million. Ideally located just off Expressway 83 behind the Rio Grande Valley Premium Outlets, the property offers exceptional access to major retail, dining, and employers. A rare opportunity to acquire a stabilized, income-producing residential community with strong cash flow and long-term growth [hidden information] financial package, rent roll, and additional due diligence materials available upon request.
  • Property type

    Other

  • Floors

    1

  • Year built

    2024

  • Price/sqft

    $193

Features

Explore the Area

1514 Hope Drive, Laguna Seca, Texas, United States View on Google Maps
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Winners Circle - Mcallen

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Winners Circle - Mcallen
Texas, United States
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23
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2025
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Winners Circle - Mcallen
Mcallen, Texas, United States
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Last updated
July 15
First listed
Jul 15
Listing reference
509665
Listing status
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