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1014 Starr St 4 Unit Apartment Building £337,123 (£84,281/Unit) 8.16% Net Initial Yield Mercedes, TX 78570

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INVESTMENT HIGHLIGHTS

PRIME LOCATION RIGHT OFF THE HIGHWAY AND MINUTES AWAY FROM RIO GRANDE PREMIUM OUTLETS
HIGH OCCUPANCY

BUILDINGS COMPLETED OCTOBER 2023

EXECUTIVE SUMMARY

Modern Fourplexes for Sale | Fully Leased | Mercedes, TX
Price: $455,000 per Fourplex (4 Doors)
Available: 18 Fourplexes (72 Doors Total)
Completed: Oct 2023 – Jan 2024
Prime Location: Mercedes, TX – centrally located between McAllen/ Edinburg/Brownsville- Community is Right off The Expressway, Minutes Away from the Rio Grande Valley Premium Outlets
Investment Highlights:
Fully Leased – Immediate Cash Flow
Turnkey Multifamily Opportunity
Modern Construction (2023–2024)
Tenant-Paid Utilities
Each fourplex features:
Front Units: 2 Bed / 2 Bath
Rear Units: 3 Bed / 2 Bath
Wood-Look Tile Flooring throughout (no carpet)
Custom Kitchens with large islands, quartz countertops, and premium cabinetry (white or brown options)
Stainless Steel Appliances: Refrigerator, stove, microwave, washer (White) & dryer (White) included
Spacious Bedrooms with large closets
Primary Suites with tiled showers, glass doors & walk-in closets
Private Fenced Yards:
•Rear units – grassed backyards
•Front units – concrete side yards
8 Designated Carport Spaces per Fourplex
All buildings are fully occupied and can be purchased individually or as a 18-property portfolio (72 total doors) — a rare opportunity to own an income-producing multifamily assets in the heart of the Rio Grande Valley.
For more information or to schedule a private showing please text, email, call today!
Listing Agent is related to Seller. Seller/Listing Agent is a licensed real estate agent in Texas.
-Furniture shown is for staging purposes only. Units are not furnished.

FINANCIAL SUMMARY (ACTUAL - 2025)	ANNUAL	ANNUAL PER sq ft
Gross Rental Income	£38,677	£9.55
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£38,677	£9.55
Taxes	£9,262	£2.29
Operating Expenses	£2,401	£0.59
Total Expenses	£11,662	£2.88
Net Operating Income	£27,014	£6.67

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income
Annual	£38,677
Annual Per sq ft	£9.55

Other Income
Annual	-
Annual Per sq ft	-

Vacancy Loss
Annual	-
Annual Per sq ft	-

Effective Gross Income
Annual	£38,677
Annual Per sq ft	£9.55

Taxes
Annual	£9,262
Annual Per sq ft	£2.29

Operating Expenses
Annual	£2,401
Annual Per sq ft	£0.59

Total Expenses
Annual	£11,662
Annual Per sq ft	£2.88

Net Operating Income
Annual	£27,014
Annual Per sq ft	£6.67

PROPERTY FACTS

Price	£337,123	Apartment Style	Low-Rise
Price Per Unit	£84,281	Total Plot Size	0.26 ac
Sale Type	Investment	Property Size	4,050 sq ft
Yield	8.16%	Average Occupancy	100%
No. Units	4	No. Floors	1
Property Type	Build-to-Rent	Year Built	2023
Property Subtype	Apartment	Parking Allocation	1.98/1,000 sq ft
Use Class	Multi-Family - Multi-Family Subdivision

Price	£337,123
Price Per Unit	£84,281
Sale Type	Investment
Yield	8.16%
No. Units	4
Property Type	Build-to-Rent
Property Subtype	Apartment
Apartment Style	Low-Rise
Total Plot Size	0.26 ac
Property Size	4,050 sq ft
Average Occupancy	100%
No. Floors	1
Year Built	2023
Parking Allocation	1.98/1,000 sq ft
Use Class	Multi-Family - Multi-Family Subdivision