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1014 Starr St 4 Unit Apartment Building $439,000 ($109,750/Unit) 8.46% Cap Rate Mercedes, TX 78570

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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: $439,000 per Fourplex (4 Doors)
Available: 17 Fourplexes (68 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	$439,000	Apartment Style	Low-Rise
Price Per Unit	$109,750	Lot Size	0.26 AC
Sale Type	Investment	Building Size	4,050 SF
Cap Rate	8.46%	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	$439,000
Price Per Unit	$109,750
Sale Type	Investment
Cap Rate	8.46%
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