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    1046 Hidalgo St Mercedes, TX 78570

    For Sale
    $428,000

    Brand new, four-unit apartment building in Mercedes, TX.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a brand-new, four-unit apartment building located at 1046 Hidalgo Street in Mercedes, Texas, zip code 78570. Constructed in 2023, the property comprises two duplexes situated on a generous 7,500.161 square foot lot. The building offers a mix of unit sizes, with two featuring two bedrooms and two bathrooms, and the remaining two boasting one bedroom and one bathroom. Each unit is meticulously designed with modern amenities, including wood-look tile flooring, elegant quartz countertops, and energy-efficient tankless water heaters. Additional features include a dedicated laundry area and a private backyard for each unit. All kitchen appliances are included in the sale, adding significant value to this turnkey investment. The property's prime location in Mercedes, Cameron County, Texas, ensures strong rental demand and potential for significant return on investment. This is an ideal opportunity for an investor seeking a well-maintained, high-quality multifamily property with immediate rental income potential. The asking price for this exceptional property is $428,000.

    Property Features for 1046 Hidalgo St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2023
    Buildings
    2
    Units
    4

    HighLights

    • Brand‑new, four‑unit apartment building in Mercedes, TX (78570).
    • Built in 2023, situated on a 7,500 sq ft lot.
    • Unit mix: two 2 bed/2 bath, two 1 bed/1 bath.
    • Modern amenities: wood‑look tile, quartz countertops, tankless water heaters.
    • Each unit includes a private laundry and backyard; all kitchen appliances included.
    • Asking price: $428,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Mercedes
    County
    Cameron
    State
    Texas
    Longitude
    -97.921347
    Latitude
    26.1526069

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    FAQs

    What type of property is this?
    Multifamily property - Brand new, four-unit apartment building in Mercedes, TX.
    Where is this multifamily property located?
    The property is located at 1046 Hidalgo St Mercedes, TX.
    What is the asking price?
    The asking price for this property is $428,000.
    What are key features of this property?
    This property features: Brand-new, four-unit apartment building in Mercedes, TX (78570).; Built in 2023, situated on a 7,500 sq ft lot.; Unit mix: two 2 bed/2 bath, two 1 bed/1 bath.
    Request Owner's contact information
    1046 Hidalgo St Mercedes, TX 78570
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    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
    1046 Hidalgo St Mercedes, TX 78570
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