7222 Mile 2 Mercedes, TX 78570
Property profile & analytics
7222 Mile 2 Mercedes, TX 78570
- Small apartment buildings
- 9.23 lot acres
Property ID
US82-5450410
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Small apartment buildings
Property Details for 7222 Mile 2
- Year built
- 1987
- Lot size
- 9.23 lot acres
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity in Mercedes, Texas, presents a compelling chance to acquire a four-unit apartment building situated on a substantial 9.23-acre lot. The property boasts a strategic location directly on Mile 2 Road, less than a mile from Expressway 83, ensuring excellent accessibility and visibility. The complex comprises four separate buildings, three of which have been fully renovated and are currently generating rental income through existing leases. The property's significant acreage offers considerable potential for future development. The expansive land provides ample space to construct additional rental units, catering to the growing local demand for housing. This presents a unique opportunity to expand the existing rental portfolio and capitalize on the area's development potential. The existing buildings, combined with the vast undeveloped land, create a versatile investment, allowing for both immediate income generation and long-term growth through strategic expansion. The property's location near Expressway 83 further enhances its appeal, providing convenient access to major transportation routes. Built in 1987, this property offers a blend of established income and significant future development potential. This is a rare chance to acquire a multifamily property with substantial land in a rapidly growing area.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Mercedes
- County
- Hidalgo
- State
- Texas
- Longitude
- -97.8775386
- Latitude
- 26.1443743
