1046 Hidalgo St Mercedes, TX 78570
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.