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    326 Virginia Ave Mercedes, TX 78570

    For Sale
    $269,000

    Two-unit apartment building, modern design, high ROI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 2-unit apartment building, constructed in 2020, presents a compelling investment opportunity in Mercedes, Texas. Located at 326 N Virginia Avenue, this property sits on a generous 4,999.817 square foot lot. The building comprises two spacious, identical units, each boasting two bedrooms and two bathrooms. Modern design elements are evident throughout, with attractive wood-look tile flooring in each unit, providing both style and easy maintenance. Kitchens are equipped with sleek quartz countertops and ample cabinetry, enhancing functionality and appeal. One unit is currently vacant, offering immediate potential for rental income or owner occupancy. The property's 2020 construction ensures minimal maintenance needs and long-term value. This duplex is ideally suited for both first-time investors seeking a hands-on approach and seasoned investors looking to expand their portfolio. Its location in Mercedes, Texas, within Hidalgo County, zip code 78570, offers a promising market for rental properties. The combination of modern amenities, spacious units, and a desirable location makes this a truly exceptional investment opportunity. This property presents a rare chance to acquire a well-maintained, income-producing asset with significant upside potential.

    Property Features for 326 Virginia Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2020
    Buildings
    1
    Units
    2

    HighLights

    • Exceptional 2‑unit apartment building, built in 2020, located in Mercedes, TX.
    • Situated on a 4,999.817 sq ft lot at 326 N Virginia Avenue.
    • Features two identical 2 bed/2 bath units with modern wood‑look tile flooring.
    • Units include quartz countertops and ample cabinetry.
    • One unit is currently vacant.
    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 Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Mercedes
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9163369
    Latitude
    26.1547892

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    FAQs

    What type of property is this?
    Multifamily property - Two-unit apartment building, modern design, high ROI.
    Where is this multifamily property located?
    The property is located at 326 Virginia Ave Mercedes, TX.
    What is the asking price?
    The asking price for this property is $269,000.
    What are key features of this property?
    This property features: Exceptional 2-unit apartment building, built in 2020, located in Mercedes, TX.; Situated on a 4,999.817 sq ft lot at 326 N Virginia Avenue.; Features two identical 2 bed/2 bath units with modern wood-look tile flooring.
    Request Owner's contact information
    326 Virginia Ave 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
    326 Virginia Ave Mercedes, TX 78570
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