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    837 Heidrick Ave Mercedes, TX 78570

    For Sale
    $225,000

    Brand new, 2-unit duplex, 9.6% cap rate.

    Property size:
    1,370 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a brand-new, fully leased duplex located at 837 Heidrick Ave, Mercedes, Texas, 78570. Built in 2024, this single-story, 1,370 square foot building sits on a 0.097-acre lot and boasts a remarkable 9.60% cap rate. The property features two identical units, each offering 683 square feet of living space. Each unit includes an open-concept kitchen and living area, brand new stainless steel appliances, granite countertops, and beautiful porcelain tile flooring throughout. The bathrooms feature unique Moroccan tile accents. Additional amenities include a large utility room with hanging space, walk-in closets, and energy-efficient tankless water heaters. Each unit also enjoys its own private outdoor space. The building is elevated 18 inches above street level, enhancing curb appeal and providing added protection. This turnkey property offers a reliable income stream with minimal upkeep, making it an ideal investment for those seeking immediate returns. The property is located in Hidalgo County and is ready for a qualified investor. Pre-qualification is required for showings.

    Property Features for 837 Heidrick Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,370 SF
    Lot Size
    4,225 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • Asking Price: $225,000
    • Property Type: Multifamily Apartment Building with 2 units
    • Cap Rate: 9.60%
    • Year Built: 2024, 1 Story Building, 1,370 sq ft total, 0.097 acres
    • Location: 837 Heidrick Ave, Mercedes, TX 78570. Fully Leased.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mercedes
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9197815
    Latitude
    26.1597028

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    FAQs

    What type of property is this?
    Multifamily property - Brand new, 2-unit duplex, 9.6% cap rate.
    Where is this multifamily property located?
    The property is located at 837 Heidrick Ave Mercedes, TX.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Asking Price: $225,000; Property Type: Multifamily Apartment Building with 2 units; Cap Rate: 9.60%
    Request Owner's contact information
    837 Heidrick Ave Mercedes, TX 78570
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    837 Heidrick Ave Mercedes, TX 78570
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