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Property profile & analytics
OFF-MARKET
Apartment buildings

1046 Hidalgo St Mercedes, TX 78570

Built 2023
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Apartment buildings
Year built 2023
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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