For Sale | The Oaks Apartments

302 S. FM 491, Mercedes, TX

$788,000

Price

5.39%

Cap Rate

$42,482

NOI

Overview
Cap Rate
5.39%
NOI
$42,482
Building Size
12,228 sqft
Lot Area
0.91 acres
Units
12
Year Built
2008
Price Per Sqft
$64.45
Price Per Unit
$65,667
Zoning
C-1 (Apartment District)
Floors
2
Parking Spots
26
Description

• 12 Unit Multi-Family Complex—3 Separate Buildings Plus Laundry Room
• Attractive property with upside income potential.
• Quality 2008 construction originally developed by well known home builder for his own investment.
• Centrally located within the Rio Grande Valley in the City of Mercedes, Texas, just two blocks south of Bus. Hwy. 83

20 Minutes to McAllen - 20 Minutes to Harlingen - 40 Minutes to Brownsville

DO NOT DISTURB TENANTS - APPOINTMENT NECESSARY TO SHOW

Documents
Title
Offering Memorandum
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Location
Gallery