802 Starr St Mercedes, TX 78570
- Apartment buildings
- 12,144 SF
Current Use by Public Records
- Apartment buildings
Property Details for 802 Starr St
- Year built
- 2024
- Property size
- 12,144 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a newly constructed 12-unit apartment building located at 802, 806, and 807 E Starr Street in Mercedes, Texas. The property, boasting a total of 12,144 square feet, comprises three 4-plex buildings, each unit featuring two bedrooms and two bathrooms. This translates to a total of 24 bedrooms and 24 bathrooms across the entire complex. Built in 2024, the property offers modern living spaces designed for comfort and convenience. The strategic location, just off the expressway and near the vibrant Mercedes commercial district, ensures high occupancy rates and strong rental income potential. The asking price is $1,527,000, representing a price per square foot of $125.74. The property's Hidalgo County location, with a zip code of 78570, offers investors access to a growing market with significant potential for appreciation. This is a turnkey investment ready to generate immediate returns. The property's modern design and prime location make it an ideal investment for those seeking a high-yield, low-maintenance asset in a thriving Texas community. The property's APN is D1650-00-000-0022-000. This is a rare opportunity to acquire a brand-new, high-quality multifamily property in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mercedes
- County
- Hidalgo
- State
- Texas
- Longitude
- -97.9017
- Latitude
- 26.1565
