Homes for sale - 7222 Mile 2 E, Mercedes, TX 78570

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LPT Realty

support@lpt.com +1(877) 366-2213

Listed by Envision Real Estate Group

$ 775,000

5,280 SqFt

Save

$ 775,000

Save

5,280 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,280 sqft

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

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

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+1(877) 366-2213

support@lpt.com

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