105 10Th St Mercedes, TX 78570
- Apartment buildings
- 12,880 SF
- 1.06 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 105 10Th St
- Year built
- 1989
- Lot size
- 1.06 lot acres
- Property size
- 12,880 SF
- Property type
- Apartment buildings
- APN
- E0700-00-001-0001-00
- APU
- E070000001000100
Description
This exceptional multifamily investment opportunity presents a 17-unit apartment complex ideally situated in the heart of Mercedes, Texas. The property, located at 105 E 10th Street, comprises four buildings on a spacious 1.056-acre lot, offering ample parking. Built in 1989, the complex features seventeen 2-bedroom, 1-bathroom units, each designed for comfortable living. Fifteen units boast tile flooring, enhancing their appeal and durability. The property benefits from on-site laundry facilities, with washers and dryers included in the sale, along with the gas water heater. Roof shingles were recently replaced in 2019, minimizing future maintenance concerns. Appliances are updated as needed, ensuring consistent functionality and tenant satisfaction. The property enjoys a strong rental history, demonstrating its consistent income-generating potential. Its convenient location near schools, a science academy, and the Mercedes Outlet Mall adds to its desirability. This turnkey investment offers a compelling opportunity for immediate income and long-term growth in a thriving Texas market. The asking price for this exceptional property is $1,200,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mercedes
- County
- Hidalgo
- State
- Texas
- Longitude
- -97.9085
- Latitude
- 26.1424
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
