1514 Hope Drive
Mercedes, TX 78570
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Bed
0
Bath
93,150Sqft
18Acres(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Flooring Information
Tile -
Roofing Information
Shingle -
Interior Features
Ceiling Fan(s) Roof: Shingle Appliances: Range, Cooktop, Electric Water Heater, Microwave, Refrigerator Laundry Features: Laundry Room, Washer Hookup Window Features: Insulated Windows, Double Pane Windows -
Heating & Cooling
Has Heating: Yes Heating: Central, Electric Has Cooling: Yes Cooling: Ceiling Fan(s), Central Air, Electric
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Building Information
Year Built: 2024 Building Area Total: 93150 Construction Materials: Stucco Stories: 1 Patio And Porch Features: Patio Private Pool: No
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Lot Information
Main Square Feet: 18 Acres Lot Size Acres: 18 Lot Size Square Feet: 784080Property Information
Subdivision: Valley Ranch Source Property Type: Residential Income Property SubType: Multi Family Property Age: 2
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Listing Price Information
Listing Price: $17900000 Original Price: $18000000
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Tax Information
Parcel Number: V152500000010900 Tax Year: 2024 Annual Tax: $383062
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Parking Information
No Garage
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School Information
Elementary School: HinojosaJunior High School: Sgt. HaroldSenior High School: Mercedes H.S. -
Location Information
Direction: From Expressway 83, north on mile 1 e, west on Hope Dr. Subdivision is just North west of the premium outlets. WaterSource: Public Security Features: Smoke Detector(s)
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 101 Becky Lane, Mercedes, TX, 78570 | $50,500 | -- | -- | -- | 9,120.16 Sqft |
| 117 Daniela Drive, Mercedes, TX, 78570 | $45,000 | -- | -- | -- | 10,944.01 Sqft |
| 105 E Royal Palm Dr, Mercedes, TX, 78570 | $510,000 | -- | -- | 4,400 | 0.23 Acre |
| 113 Troy Avenue, Mercedes, TX, 78570 | $43,500 | -- | -- | -- | 9,120.16 Sqft |
| 85 Derrick Avenue, Mercedes, TX, 78570 | $39,500 | -- | -- | -- | 7,004.88 Sqft |
| LOT 35 Alyssa Drive, Mercedes, TX, 78570 | $41,900 | -- | -- | -- | 8,692.83 Sqft |
| 93 Derrick Avenue, Mercedes, TX, 78570 | $39,500 | -- | -- | -- | 7,004.88 Sqft |
| 112 Troy Avenue, Mercedes, TX, 78570 | $43,500 | -- | -- | -- | 9,120.16 Sqft |
| Lupita Street, Mercedes, TX, 78570 | $80,000 | -- | -- | -- | 21,786.10 Sqft |
| 33 Becky Lane, Mercedes, TX, 78570 | $43,500 | -- | -- | -- | 7,734.95 Sqft |
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of Greater McAllen Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Greater McAllen Association of REALTORS®. All rights reserved.
ByOwner last updated this listing 09/08/2026 @ 17:24
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