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Property profile & analytics
OFF-MARKET
Apartment buildings

1014 Starr St Mercedes, TX 78570

4,050 SF Built 2024
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a brand-new, four-unit apartment building ideally situated in Mercedes, Texas, at 1014 Starr Street, 78570. Built in 2024, this property boasts a total of 4,050 square feet across two buildings on an 11,286.83 square foot lot. Each of the four units features a modern, open-concept floor plan with wood-like tile throughout. Kitchens are equipped with custom, high-ceiling cabinets, modern quartz countertops, and islands offering ample storage. Spacious bedrooms include large closets, and the master bedroom in each unit includes an expansive bathroom and closet. Privacy is ensured with each unit possessing its own private fenced backyard. Further enhancing tenant appeal, each unit comes complete with a new refrigerator, stove, microwave, washer, and dryer. The property also provides eight carport spaces for convenient parking. Future tenants will be responsible for their own utilities. Its proximity to the expressway and the Rio Grande Valley Premium Outlets adds significant value and rental appeal. This property represents a compelling investment opportunity with immediate cash flow potential.

Property profile
Verified
Property type Apartment buildings
Year built 2024
Total area 4,050 SF
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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