198 Dawson Rd Mercedes, TX 78570
- Small apartment buildings
- 1.00 lot acres
Current Use by Public Records
- Small apartment buildings
Property Details for 198 Dawson Rd
- Year built
- 1973
- Lot size
- 1.00 lot acres
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity presents a five-unit apartment complex situated on a one-acre lot in Mercedes, Texas, at 198 Dawson Road, zip code 78570. The property, built in 1973, comprises three separate structures. Four of the five units are framed, with one unit already finished, boasting brand new flooring and sheetrock. Its prime location offers easy access to the RGV Premium Outlets and the expressway, enhancing its desirability and rental potential. Currently, the property has one water meter and one electric meter; however, approval has been granted for the installation of five individual electric meters, maximizing efficiency and revenue streams. The property's proximity to new multifamily developments underscores its significant growth potential. This unique property presents a compelling investment opportunity for those seeking to expand their portfolio with a high-return asset in a rapidly developing area. The asking price is $314,900.
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
- -97.9017787
- Latitude
- 26.15272
