$775,000 Price Analysis    ♡   Mercedes, TX 78570 Unknown bed None bath 5,280 SqFt ($146/SqFt) 9.23 acre lot. Built 1987 Listed 2024-04-08, Taxes $4,587 | May be USDA loan restricted due to income limits near Mercedes |
Welcome to an exceptional investment opportunity in Mercedes
TX! Nestled on 9.23 acres directly along Mile 2 Rd and less than a mile away from Expressway 83, this property offers a prime location for those looking to expand their real estate portfolio. The package includes 4 independent buildings, 3 of which are fully renovated and currently leased. The abundance of vacant land provides a unique opportunity to build additional rental properties.
Imagine the possibilities as you design and develop new residences, tailored to meet th growing demands of the local market. The adjacent 30 acres amplifies the potential, offering even more room for expansion or diverse development projects. Combine both parcels to embark on a large-scale venture that could redefine real estate in Mercedes, Texas. Seize the opportunity to not invest in existing rental properties but to shape the future of this location.
Presented by Rodolfo R. Velasquez Iii at
Envision Real Estate Group.
Property MLS #420614 from McAllen
Flooring: Hardwood, Laminate
Laundry Features: Laundry Closet, Washer/Dryer Connection
Heating Features: Central
Heating: Yes
Mature Trees
Fencing: Barbed Wire, Irrigation, Smooth Wire
Other Structures: Outbuilding (None)
Patio And Porch Features: Covered Patio
Road Surface Type: Paved
Garage Spaces: 3
Parking Features: Detached
Parking Total: 3
Lot Size Acres: 9.23
Lot Size Square Feet: 402059
Number of Units In Community: 4
Number of Units: 4
Elementary School District: Mercedes ISD
High School: Mercedes H.S.
High School District: Mercedes ISD
Middle School: Kennedy
Middle or Junior School District: Mercedes ISD
Map directions Map directions Map directions Map directionsCalculated Total Monthly Association Fees: 0
Maintenance Expense: 4800
Source Listing Status: Active
County: Hidalgo
Directions: Head east on I-2/US-83 E to W Expy 83/E Frontage Rd/U.S. 83 Frontage Rd S in Mercedes. Take exit 165 from I-2/US-83 E. Turn right/south onto Mile 2 E Rd. Head south for approximately 1.7 miles passing business 83, property will be on left hand side.
Tax Year: 2023
Source Property Type: Residential Income
Insurance Expense: 1100
Source Neighborhood: Capisallo
Parcel Number: C140000028001300
Subdivision: Capisallo
Property Subtype: Multi Family
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $113,227 + $87,685 $200,912 | $4,587 |
| 2021 | $unknown + $unknown $107,263 | $2,476 |
| 2020 | $unknown + $unknown $90,736 | $2,073 |
| 2019 | $unknown + $unknown $78,112 | $1,731 |
| 2018 | $unknown + $unknown $80,791 | $1,872 |
| 2017 | $unknown + $unknown $81,846 | $1,904 |
| 2016 | $unknown + $unknown $83,843 | $1,959 |
| 2015 | $unknown + $unknown $86,078 | $2,010 |
| 2014 | $unknown + $unknown $95,273 | $2,225 |
| 2013 | $72,899 + $18,787 $91,686 | $2,027 |
| 2012 | $75,765 + $18,703 $94,468 | $2,069 |
| 2011 | $74,727 + $18,580 $93,307 | $2,040 |
| 2010 | $84,352 + $29,608 $113,960 | $2,487 |
| 2009 | $unknown + $unknown $61,420 | $1,307 |
| 2008 | $unknown + $unknown $58,332 | $1,241 |
| 2007 | $unknown + $unknown $64,236 | $1,257 |
$775,000
McAllen
Sold 2021-03-10
$0
Public Record
Year Built: 1987
Building Area Total: 5280
Building Area Units: Square Feet
Construction Materials: Frame/Wood
Foundation Details: Pillar/Post/Pier
Living Area Source: HidalgoCAD
Living Area Units: Square Feet
Property Age: 37
Roof: Shingle
Water Source: Private Well
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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.