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1014 Starr St 4 Unit Apartment Building $455,000 ($113,750/Unit) 8.16% Cap Rate Mercedes, TX 78570
INVESTMENT HIGHLIGHTS
- PRIME LOCATION RIGHT OFF THE HIGHWAY AND MINUTES AWAY FROM RIO GRANDE PREMIUM OUTLETS
- HIGH OCCUPANCY
- BUILDINGS COMPLETED OCTOBER 2023
EXECUTIVE SUMMARY
Modern Fourplexes for Sale | Fully Leased | Mercedes, TX
Price: $455,000 per Fourplex (4 Doors)
Available: 18 Fourplexes (72 Doors Total)
Completed: Oct 2023 – Jan 2024
Prime Location: Mercedes, TX – centrally located between McAllen/ Edinburg/Brownsville- Community is Right off The Expressway, Minutes Away from the Rio Grande Valley Premium Outlets
Investment Highlights:
Fully Leased – Immediate Cash Flow
Turnkey Multifamily Opportunity
Modern Construction (2023–2024)
Tenant-Paid Utilities
Each fourplex features:
Front Units: 2 Bed / 2 Bath
Rear Units: 3 Bed / 2 Bath
Wood-Look Tile Flooring throughout (no carpet)
Custom Kitchens with large islands, quartz countertops, and premium cabinetry (white or brown options)
Stainless Steel Appliances: Refrigerator, stove, microwave, washer (White) & dryer (White) included
Spacious Bedrooms with large closets
Primary Suites with tiled showers, glass doors & walk-in closets
Private Fenced Yards:
•Rear units – grassed backyards
•Front units – concrete side yards
8 Designated Carport Spaces per Fourplex
All buildings are fully occupied and can be purchased individually or as a 18-property portfolio (72 total doors) — a rare opportunity to own an income-producing multifamily assets in the heart of the Rio Grande Valley.
For more information or to schedule a private showing please text, email, call today!
Listing Agent is related to Seller. Seller/Listing Agent is a licensed real estate agent in Texas.
-Furniture shown is for staging purposes only. Units are not furnished.
Price: $455,000 per Fourplex (4 Doors)
Available: 18 Fourplexes (72 Doors Total)
Completed: Oct 2023 – Jan 2024
Prime Location: Mercedes, TX – centrally located between McAllen/ Edinburg/Brownsville- Community is Right off The Expressway, Minutes Away from the Rio Grande Valley Premium Outlets
Investment Highlights:
Fully Leased – Immediate Cash Flow
Turnkey Multifamily Opportunity
Modern Construction (2023–2024)
Tenant-Paid Utilities
Each fourplex features:
Front Units: 2 Bed / 2 Bath
Rear Units: 3 Bed / 2 Bath
Wood-Look Tile Flooring throughout (no carpet)
Custom Kitchens with large islands, quartz countertops, and premium cabinetry (white or brown options)
Stainless Steel Appliances: Refrigerator, stove, microwave, washer (White) & dryer (White) included
Spacious Bedrooms with large closets
Primary Suites with tiled showers, glass doors & walk-in closets
Private Fenced Yards:
•Rear units – grassed backyards
•Front units – concrete side yards
8 Designated Carport Spaces per Fourplex
All buildings are fully occupied and can be purchased individually or as a 18-property portfolio (72 total doors) — a rare opportunity to own an income-producing multifamily assets in the heart of the Rio Grande Valley.
For more information or to schedule a private showing please text, email, call today!
Listing Agent is related to Seller. Seller/Listing Agent is a licensed real estate agent in Texas.
-Furniture shown is for staging purposes only. Units are not furnished.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$52,200
|
$12.89
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$52,200
|
$12.89
|
| Taxes |
$12,500
|
$3.09
|
| Operating Expenses |
$3,240
|
$0.80
|
| Total Expenses |
$15,740
|
$3.89
|
| Net Operating Income |
$36,460
|
$9.00
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $52,200 |
| Annual Per SF | $12.89 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $52,200 |
| Annual Per SF | $12.89 |
| Taxes | |
|---|---|
| Annual | $12,500 |
| Annual Per SF | $3.09 |
| Operating Expenses | |
|---|---|
| Annual | $3,240 |
| Annual Per SF | $0.80 |
| Total Expenses | |
|---|---|
| Annual | $15,740 |
| Annual Per SF | $3.89 |
| Net Operating Income | |
|---|---|
| Annual | $36,460 |
| Annual Per SF | $9.00 |
PROPERTY FACTS
| Price | $455,000 | Apartment Style | Low-Rise |
| Price Per Unit | $113,750 | Lot Size | 0.26 AC |
| Sale Type | Investment | Building Size | 4,050 SF |
| Cap Rate | 8.16% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 1.98/1,000 SF |
| Zoning | Multi-Family - Multi-Family Subdivision | ||
| Price | $455,000 |
| Price Per Unit | $113,750 |
| Sale Type | Investment |
| Cap Rate | 8.16% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.26 AC |
| Building Size | 4,050 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2023 |
| Parking Ratio | 1.98/1,000 SF |
| Zoning | Multi-Family - Multi-Family Subdivision |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Granite Countertops
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Wi-Fi
- Yard
- Dining Room
- Double Pane Windows
- Framed Mirrors
- Freezer
- Instant Hot Water
- Island Kitchen
- Lawn
- Patio
- Window Coverings
SITE AMENITIES
- Fenced Lot
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 2 | $987.50 | 947 |
| 3+2 | 2 | $1,188 | 1,078 |
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VIDEOS
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MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
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Presented by
Daniela Perez
1014 Starr St
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