Multi-Family•Low-Rise/Garden•For Sale

De Santi Apartments

620 S Mile 2 1 2 E, Mercedes, Texas 78570

Sale Price $650,000
Sale Type Investment
Zoning Commercial
Bldg Type Multi-Tenant
Year Built 2007
Stories 1
Cap Rate 5.05%
Vacancy 100%
Gross Bldg 10,500 SqFt
Land Area .95 Acres
Project Size 11
Net Op Inc $32,806
Market Rio Grande Valley
Sub-Market Mercedes
Located only minutes away from the Rio Grande Valley Premium Outlet Mall, this eleven unit apartment complex is extremely well maintained and well managed. Each unit is fully equipped with all appliances (refrigerator, stove, washer, and dryer), and every unit features tile floors and tray ceilings. The eight 2/2s rent for $700/month, and the three 1/1s rent for $550/month. Two of the 2 bedroom units are handicap accessible. These spacious apartments have exceptionally functional floor plans that leave them never in want of potential lessees. Situated in a quiet corner of South-East Mercedes, this 11 unit apartment complex is less than 5 minutes away from the RGV Premium Outlet Mall.
  • 5 minutes from the RGV Premium Outlet Mall
  • 8 x 2/2s @ $700/month
  • 3 x 1/1s @ $550/month
  • Large, grassy lawn
  • Tenants pay their own water bills
  • Carports
  • 2 Handicap accessible units
10/2/2019 7:07:26 PM 10/2/2019 7:07:26 PM

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