1514 Hope Drive Mercedes, TX $ 18,000,000
1514 Hope Drive
$ 18,000,000
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1514 Hope Drive

Mercedes, TX, 78570
$ 18,000,000
Baths0.0 Sq 93,150

Monthly Estimate*

$ 113,654

1514 Hope Drive, Mercedes, TX 78570 - Image 1
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Studio

Multi-Family Home for sale in Mercedes, TX

for $18,000,000. This 93,150 square foot home was built in 2024 on a lot size of 18.

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.

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Multi-Family Active

Price

$ 18,000,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 383,062

Style

Multi Family

Lot Size

18

Year Built

2024

Town/City

Mercedes

County/Region

Hidalgo

MLS | Web ID

509665

Features
General
Sewer City Sewer
Possession Closing and Funding
Property Subtype Multi Family
Tax Year 2024
Community Features Sidewalks Street Lights
County Hidalgo
Property Type Residential Income
HOA false
Subdivision Name Valley Ranch
Status Active
Directions From Expressway 83 north on mile 1 e west on Hope Dr. Subdivision is just North west of the premium outlets.
High School Mercedes H.S.
City Mercedes
High School District Mercedes ISD
Lot Size Units Acres
Lot Size Square Feet 784080
Elementary School Hinojosa
Tax Annual Amount 383062
Home Warranty Y/N false
Middle/Junior High School Sgt. Harold
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Mercedes ISD
Elementary School District Mercedes ISD
Legal Description Valley Ranch Estates
Freehold BBO VOW IDX
Living Area 93150
Cooling Central Air Electric
Roof Shingle
Appliances Electric Water Heater Microwave Refrigerator Stove/Range
Garage Spaces 0
Construction Materials Stucco
Year Built 2024
Stories Count 1
Garage Y/N false
Carport Spaces 0
Carport Y/N false
Year Built Source Builder
Heating Central Electric
Patio/Porch Features Patio Patio Slab
Insurance Expense 85934
Security Features Smoke Detector(s)
Other Structures Outbuilding (None)
Gross Income 1700000
MaintenanceExpense 43740
Number Of Units Total 81
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Interior
Interior Amenities Ceiling Fan(s)
Flooring Tile
Air Conditioning Y/N true
Window Features Energy Features (Double Pane Windows)
Heating Y/N true
Laundry Features Laundry Room Washer/Dryer Connection
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Exterior
Water Source Public
Lot Size Area 18
Lot Size Acres 18
Road Surface Type Paved
Irrigation Water Rights Y/N false
Lot Features Sidewalks Sprinkler System
Fencing Privacy Wood
Exterior Amenities Sprinkler System
Parking Features No Carport No Garage
Total Parking 0
Foundation Details Slab
Building Area Total 93150
Covered Spaces 0
Pool YN false
Number of Separate Water Meters 81
Number of Buildings 81
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* Excluded Features
List By
Winners Circle

Broker

Affordability Calculator

$145,576
Per Month
78%
22%
0%
Monthly Principal & Interest
$113,654
Monthly Property Taxes
$31,922
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3057663 Elementary School
3628083 Middle School
Mercedes H.S. High School High School
Pricing History
DatePricePrice ChangeDescription
7/15/2026$18,000,000 Listed Price

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1514 Hope Drive, Mercedes, TX, 78570 is a Multi-Family Home for sale at $18,000,000 with 93,150 sqft and a lot size of 18. 1514 Hope Drive is a studio with 0.0 baths and was built in 2024. The property's zip code is 78570 which is in Mercedes, TX