1014 Starr St Mercedes, TX 78570
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.
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
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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.