1514 Hope Drive | Image 1
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$18,000,000

For Sale

16 days ago

1514 Hope Drive, Mercedes, TX

House

MLS® 509665

0 Bed

0 Bath

93150 sqft

0

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 93150 sqft
Garage 
Taxes $383,062
Days Active 16
Lot Size 18 Acres
Approx. Age 2024
Avg. Price Per Sqft $193
MLS® Number 509665

Property Address: 1514 Hope Drive, Mercedes, TX, 78570

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number509665
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2024
Basement
DrivewayNo Carport, No Garage
Garage Spaces
HeatCentral, Electric
A/CCentral Air, Electric

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 15, 2026List Date
$18,000,000List Price
  • Commute

Commute

Starting Address
Destination Address
1514 Hope Drive, Mercedes, TX

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