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1514 Hope Drive, Mercedes, TX 78570

Mercedes
Local realty services provided by:CENTURY 21 Johnston Company
1514 Hope Drive,Mercedes, TX 78570
$17,900,000
  • - Beds
  • - Baths
  • 93,150 sq. ft.
  • Multi-family
  • Active
Listed by: avinaash buxani
Office: winners circle
MLS#:509665
Source:TX_GMAR

Price summary

  • Price:$17,900,000
  • Price per sq. ft.:$192.16

About this home

Institutional-quality Build-to-Rent investment opportunity in the growing Valley Ranch Estates community in Mercedes, Texas. This 81-home single-family rental portfolio is approximately 95% occupied and features a mix of 3- and 4-bedroom homes, generating approximately $1.7 million in stabilized annual gross income with an estimated NOI of $1.06 million. Ideally located just off Expressway 83 behind the Rio Grande Valley Premium Outlets, the property offers exceptional access to major retail, dining, and employers. A rare opportunity to acquire a stabilized, income-producing residential community with strong cash flow and long-term growth potentia.lComplete financial package, rent roll, and additional due diligence materials available upon request.

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Home facts

  • Year built:2024
  • Listing ID #:509665
  • Added:107 day(s) ago
  • Updated:October 30, 2026 at 05:12 PM

Rooms and interior

  • Flooring:Tile
  • Kitchen Description:Electric Water Heater, Microwave, Refrigerator, Stove/Range
  • Living area:93,150 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s), Central Air, Electric
  • Heating:Central, Electric
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:2024
  • Building area:93,150 sq. ft.
  • Lot Features:Sidewalks, Sprinkler System
  • Construction Materials:Stucco
  • Exterior Features:Patio Slab, Sidewalks, Sprinkler System
  • Foundation Description:Slab

Schools

  • High school:Mercedes H.S.
  • Middle school:Sgt. Harold
  • Elementary school:Hinojosa

Utilities

  • Water:Electric Water Heater, Public Water
  • Sewer:City Sewer

Finances and disclosures

  • Price:$17,900,000
  • Price per sq. ft.:$192.16
  • Tax amount:$383,062

Features and amenities

  • Appliances:Microwave, Refrigerator, Stove/Range
  • Laundry features:Laundry Room, Washer/Dryer Connection
  • Amenities:Sidewalks, Sprinkler System, Street Lights

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