$1,200,000 Price Analysis    ♡   Mercedes, TX 78570 Unknown bed None bath 12,880 SqFt ($93/SqFt) 1.06 acre lot. Built 1989 Listed 2024-03-14, Taxes $25,212 | Ⓧ USDA Ineligible due to price & location near Mercedes |
An exceptional investment opportunity awaits!
Expand your portfolio with this multifamily gem featuring 16 units and on-site laundry facilities, offering a lucrative source of additional income. Situated on a prime 1-acre lot in downtown Mercedes, a mple parking enhances tenant convenience.
Each unit features 2 bedrooms, 1 bath and tile flooring in 15 units. Appliances are regularly maintained, ensuring tenant satisfaction and excellent rental history. Proximity to schools, a science academy and the Mercedes Outlet Mall further adds to its appeal. Don't miss out on this incom-generating asset. Contact LA today for more details.
Presented by Cecilia Ceci Olivarez at
Hch Realty.
Property MLS #430368 from McAllen
Gas Water Heater
Refrigerator
Stove/Range-Electric Coil
Laundry Features: Laundry Room
Heating Features: Central, Electric
Heating: Yes
Mature Trees
Fencing: Landscaped
Other Structures: Laundry Facility
Road Surface Type: Paved
Covered Spaces: 36
Parking Features: No Carport, No Garage
Parking Total: 36
Lot Size Acres: 1.056
Lot Size Square Feet: 46000
Number of Units In Community: 5
Number of Units: 17
Elementary School District: Mercedes ISD
High School: Mercedes H.S.
High School District: Mercedes ISD
Middle School: Harwell
Middle or Junior School District: Mercedes ISD
Map directions Map directions Map directions Map directionsCalculated Total Monthly Association Fees: 0
Maintenance Expense: 2093
Source Listing Status: Active
County: Hidalgo
Directions: Take I-2. Take exit 163B toward FM 491/Texas Ave. Turn right onto N Texas Ave. Turn left onto Florida Ave, and then onto Avenue A, in 150 ft, the property will be on your right.
Tax Year: 2024
Other Expense: 11835
Source Property Type: Residential Income
Insurance Expense: 2890
Source Neighborhood: East Mercedes
Parcel Number: E070000001000100
Subdivision: East Mercedes
Property Subtype: Multi Family
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $661,342 + $172,500 $833,842 | $25,212 |
| 2021 | $443,184 + $138,000 $581,184 | $17,720 |
| 2020 | $372,000 + $138,000 $510,000 | $15,277 |
| 2019 | $372,000 + $138,000 $510,000 | $14,922 |
| 2018 | $311,317 + $138,000 $449,317 | $13,602 |
| 2017 | $311,317 + $138,000 $449,317 | $13,633 |
| 2016 | $360,276 + $35,604 $395,880 | $12,051 |
| 2015 | $423,760 + $35,604 $459,364 | $14,030 |
| 2014 | $428,937 + $35,604 $464,541 | $14,214 |
| 2013 | $434,114 + $35,604 $469,718 | $13,856 |
| 2012 | $439,291 + $35,604 $474,895 | $13,961 |
| 2011 | $444,467 + $35,604 $480,071 | $14,105 |
| 2010 | $410,513 + $35,604 $446,117 | $13,122 |
| 2009 | $unknown + $unknown $451,256 | $13,108 |
| 2008 | $unknown + $unknown $456,396 | $13,257 |
| 2007 | $unknown + $unknown $423,532 | $11,770 |
$1,200,000
McAllen
Sold 2022-07-29
$0
McAllen
Listing removed 2021-05-26
$0
McAllen
Sold 2021-05-14
$0
Public Record
Listed for rent 2021-05-14
$600
McAllen
Listing removed 2021-02-04
$0
McAllen
Relisted 2020-11-02
$750,000
McAllen
Listing removed 2020-09-21
$0
McAllen
Listed 2020-07-06
$750,000
McAllen
Listing removed 2018-06-27
$0
McAllen
Listed for rent 2018-02-26
$560
McAllen
Year Built: 1989
Building Area Total: 12880
Building Area Units: Square Feet
Construction Materials: Brick, Siding, Wood Siding
Foundation Details: Slab
Living Area Source: HidalgoCAD
Living Area Units: Square Feet
Property Age: 35
Roof: Shingle
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.