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About This Home
This 0-bedroom, 0-bathroom residential multi family at 136 North Texas Avenue in Mercedes, TX is listed for $375,000 ($167 per sqft). Built in 1980, the home offers 2,240 sqft of living space on a 0.09 acres lot.
Investment Opportunity: Discover a rare investment opportunity in the heart of Mercedes, Texas. This property features a 9-unit multi-family complex paired with a two-door commercial storefront, offering dual-income potential. The property is ideally located in a high-visibility area along N Texas Ave, providing possible stable residential cash flow and additional income from two street-front retail spaces.
Property Highlights: - 9 total residential units, including cozy efficiency-style apartments - 2 commercial storefronts, suitable for retail, office, or small business rentals - Steady rental income with long-term tenants and low vacancy rates - Ideal for local retail, boutique, or office tenants - Strong cash flow potential from both residential a
nd commercial tenants Located in a growing area of the Rio Grande Valley, this property offers both stability and upside. Don’t miss out on this chance to own a multi-use property!
Key Features
- Built in 1980
- 0.09 acre lot
Property Details
Monthly Cost Estimate
$2,006/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
136 North Texas Avenue
Mercedes, TX 78570
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 136 North Texas Avenue is listed at $375,000 ($167/sqft). The estimated monthly payment is $1,625 based on 20% down at 6.5% interest.
Key features include: Built in 1980, 0.09 acre lot.
This property is listed by Joe Lee Hernandez and can be reached at 9569751983 or hdzjoelee@gmail.com.
