7222 Mile 2 E

Mercedes, TX 78570
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5,280 Sqft. ($147/Sqft.)
9.23 Lot Acres
Multi-Family

Audio narrative

Description

Welcome to an exceptional investment opportunity in Mercedes, TX! Nestled on 9.23 acres directly along Mile 2 Rd, and less than a mile away from Expressway 83, this property offers a prime location for those looking to expand their real estate portfolio. The package includes 4 independent buildings, 3 of which are fully renovated and currently leased. The abundance of vacant land provides a unique opportunity to build additional rental properties. Imagine the possibilities as you design and develop new residences, tailored to meet the growing demands of the local market. The adjacent 30 acres only amplifies the potential, offering even more room for expansion or diverse development projects. Combine both parcels to embark on a large-scale venture that could redefine real estate in Mercedes, Texas. Seize the opportunity to not only invest in existing rental properties but to shape the future of this location.

MLS#
GMARTX-420614
List Price
$775,000 ($147/Sqft.)
Listing Status
For Sale
Address
7222 Mile 2 E
City
State
TX
Zip Code
Subdivision
Capisallo
Property Type
Multi-Family
Building Size
5,280 Sqft/Appraisal District
Architecture Style
Other
Year Built
1987 /Appraisal District
Lot Size
9.23 Lot Acres/Appraisal District

Exterior

Roof
Composition Shingle
Energy Features
Ceiling Fan

Interior

Floors
Hardwood, Laminate

Lot information

Lot Size
9.23 Lot Acres /Appraisal District
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy

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Property tax

Cost/Sqft based on tax value

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Down Payment Assistance

Mortgage

Create and estimate your monthly mortgage payment and property taxes, based on past rates.

Estimated Monthly Payments

DOWN PAYMENT
Loan Term
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Full Page
Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Subdivision Facts

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Market update video

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Schools

School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

Assigned schools

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Source

Greater McAllen Association of Realtors
Source last updated May 01, 2024 at 02:45 AM
Listing last updated Apr 08, 2024 at 04:20 AM
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7222 Mile 2 E, Mercedes, TX 78570. View photos, map, tax, nearby homes for sale, home values, school info...

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