326 Virginia Ave Mercedes, TX 78570
This exceptional 2-unit apartment building, constructed in 2020, presents a compelling investment opportunity in Mercedes, Texas. Located at 326 N Virginia Avenue, this property sits on a generous 4,999.817 square foot lot. The building comprises two spacious, identical units, each boasting two bedrooms and two bathrooms. Modern design elements are evident throughout, with attractive wood-look tile flooring in each unit, providing both style and easy maintenance. Kitchens are equipped with sleek quartz countertops and ample cabinetry, enhancing functionality and appeal. One unit is currently vacant, offering immediate potential for rental income or owner occupancy. The property's 2020 construction ensures minimal maintenance needs and long-term value. This duplex is ideally suited for both first-time investors seeking a hands-on approach and seasoned investors looking to expand their portfolio. Its location in Mercedes, Texas, within Hidalgo County, zip code 78570, offers a promising market for rental properties. The combination of modern amenities, spacious units, and a desirable location makes this a truly exceptional investment opportunity. This property presents a rare chance to acquire a well-maintained, income-producing asset with significant upside 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
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.