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    105 10Th St Mercedes, TX 78570

    For Sale
    $1,200,000

    17-Unit Apartment Complex, High ROI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional multifamily investment opportunity presents a 17-unit apartment complex ideally situated in the heart of Mercedes, Texas. The property, located at 105 E 10th Street, comprises four buildings on a spacious 1.056-acre lot, offering ample parking. Built in 1989, the complex features seventeen 2-bedroom, 1-bathroom units, each designed for comfortable living. Fifteen units boast tile flooring, enhancing their appeal and durability. The property benefits from on-site laundry facilities, with washers and dryers included in the sale, along with the gas water heater. Roof shingles were recently replaced in 2019, minimizing future maintenance concerns. Appliances are updated as needed, ensuring consistent functionality and tenant satisfaction. The property enjoys a strong rental history, demonstrating its consistent income-generating potential. Its convenient location near schools, a science academy, and the Mercedes Outlet Mall adds to its desirability. This turnkey investment offers a compelling opportunity for immediate income and long-term growth in a thriving Texas market. The asking price for this exceptional property is $1,200,000.

    Property Features for 105 10Th St

    General Information

    Property type
    Multifamily properties
    Lot Size
    45,999 SF

    Building Details

    Year Built
    1989
    Buildings
    4
    Units
    17

    HighLights

    • 17‑unit multifamily property in Mercedes, TX.
    • Located at 105 E 10th Street on a 1.056‑acre lot with ample parking.
    • Built in 1989, featuring seventeen 2‑bedroom, 1‑bathroom units.
    • Fifteen units have tile flooring; on‑site laundry facilities included in sale.
    • New roof in 2019; appliances updated as needed.
    • Strong rental history; near schools, science academy, and Mercedes Outlet Mall.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Mercedes
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.909005162808
    Latitude
    26.142295098408

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    FAQs

    What type of property is this?
    Multifamily property - 17-Unit Apartment Complex, High ROI
    Where is this multifamily property located?
    The property is located at 105 10Th St Mercedes, TX.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 17-unit multifamily property in Mercedes, TX.; Located at 105 E 10th Street on a 1.056-acre lot with ample parking.; Built in 1989, featuring seventeen 2-bedroom, 1-bathroom units.
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    105 10Th 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
    105 10Th St Mercedes, TX 78570
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