7222 Mile 2 E Active Save Request In-Person Tour Request Virtual Tour
Mercedes,TX 78570
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,280 sqft
Price per Sqft $146
Subdivision Capisallo
MLS Listing ID 420614
HOA Y/N No
Originating Board Greater McAllen
Year Built 1987
Annual Tax Amount $4,519
Tax Year 2023
Lot Size 9.230 Acres
Acres 9.23
Property 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.
Location
State TX
County Hidalgo
Community Gated
Rooms
Other Rooms Outbuilding (None)
Interior
Interior Features Ceiling Fan(s)
Heating Central
Cooling Central Air
Flooring Hardwood,Laminate
Appliance Electric Water Heater,No Conveying Appliances
Laundry Laundry Closet,Washer/Dryer Connection
Exterior
Exterior Feature Manual Gate,Mature Trees
Garage Spaces 3.0
Fence Barbed Wire,Irrigation,Other,Smooth Wire
Community Features Gated
Waterfront No
View Y/N No
Roof Type Shingle
Total Parking Spaces 3
Garage Yes
Building
Lot Description Corner Lot,Flood Irrigation,Mature Trees
Faces Head east on I-2/US-83 E to W Expy 83/E Frontage Rd/U.S. 83 Frontage Rd S in Mercedes. Take exit 165 from I-2/US-83 E. Turn right/south onto Mile 2 E Rd. Head south for approximately 1.7 miles passing business 83, property will be on left hand side.
Story 1
Foundation Pillar/Post/Pier
Sewer Other,Septic Tank
Water Private Well
Structure Type Frame/Wood
New Construction No
Schools
Elementary Schools Hinojosa
Middle Schools Kennedy
High Schools Mercedes H.S.
Others
Tax ID C140000028001300