903 Starr St Mercedes, TX 78570
This exceptional investment opportunity presents a fully leased fourplex located at 903 Starr Street in Mercedes, Texas, 78570. Built in 2023, this property boasts a desirable location within Hidalgo County and sits on a spacious 10,000 square foot lot. The property comprises two buildings, offering a total of four units. The unit mix includes two two-bedroom, two-bathroom units and two three-bedroom, two-bathroom units, catering to a diverse range of tenants. Each unit is equipped with modern appliances, adding to their appeal and increasing rental potential. Convenient carports are provided for residents. The property's modern design and fully leased status make it an attractive investment, promising immediate cash flow and strong potential for future appreciation. The asking price for this turnkey investment is $510,000. This represents a rare opportunity to acquire a newly constructed, high-demand multifamily property in a growing Texas market. The property's excellent condition and strong tenant occupancy make it an ideal addition to any investment portfolio. Don't miss this chance to secure a profitable and low-maintenance investment property.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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.