105 East 10th Street

Mercedes, TX 78570

$1,200,000
Price
Beds
12,880 Sq. Ft.
$93 / Sq. Ft.
12,880
Sq. Ft.
$93
per Sq. Ft.

Description

It's a great time to add a Multifamily, 16-unit with onsite laundry facilities, income-generating, property to your portfolio! The five buildings sit on 1 acre (+/-) plenty of parking spaces in the middle of downtown Mercedes. All apartments are 2 bedrooms 1 bath units. Roof shingles were replaced in 2019, and 15 apartments have tile flooring. Appliances are replaced as needed. Great Rental History. The property is conveniently close to schools, and a science academy, and minutes from the Mercedes...It's a great time to add a Multifamily, 16-unit with onsite laundry facilities, income-generating, property to your portfolio! The five buildings sit on 1 acre (+/-) plenty of parking spaces in the middle of downtown Mercedes. All apartments are 2 bedrooms 1 bath units. Roof shingles were replaced in 2019, and 15 apartments have tile flooring. Appliances are replaced as needed. Great Rental History. The property is conveniently close to schools, and a science academy, and minutes from the Mercedes Outlet Mall. Washers and Dryers are owned outright and are conveyed with the sale, along with the gas water heater.

Property Details for 105 East 10th Street

Community Features
Curbs, Sidewalks, Street Lights
Subdivision Name
East Mercedes
LISTING UPDATED: 11/15/2024 10:39 AM

Property Details for 105 East 10th Street

StatusActive
MLS #427704
Days on Market62
Taxes$17,721 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1989
Lot Size1.06 AC / 45,999 SF
CountyHidalgo County

Building Information for 105 East 10th Street

Stories2Residences17Year Built1989Building Size-Lot Size1.06 AC / 45,999 SF

Property Information for 105 East 10th Street

Summary
Location and General Information
  • Directions: Follow I-2/US-83 E to W Expy 83/Frontage Rd/U.S. 83 Frontage Rd S in Mercedes, Take exit 163B toward FM 491/Texas Ave, Turn right onto N Texas Ave, Turn left onto W 10th St, Continue onto Tenth St, Destination will be on the left.
  • Road Surface Type: Paved
Parking
  • Carport Spaces: 0.0
  • Carport YN: No
  • Covered Spaces: 0.0
  • Garage Spaces: 0.0
  • Garage: No
  • Parking Features: No Carport, No Garage
  • Parking Total: 0.0
School Information
  • Elementary School: JFK
  • Elementary School District: Mercedes ISD
  • High School: Mercedes H.S.
  • High School District: Mercedes ISD
  • Middle Or Junior School: Harwell
  • Middle Or Junior School District: Mercedes ISD
Taxes and HOA
  • Association: No
  • Parcel Number: E070000001000100
  • Tax Annual Amount: $17,721
  • Tax Legal Description: EAST MERCEDES LOTS 1 & 2 & W80' LOT 3 BLK 1
  • Tax Year: 2021
Property
Lot Information
  • Building Area Source: HidalgoCAD
  • Building Area Total: 12880.0
  • Building Area Units: Square Feet
  • Living Area: 12880.0
  • Living Area Source: HidalgoCAD
  • Living Area Units: Square Feet
  • Lot Features: Corner Lot, Curb & Gutters, Mature Trees, Sidewalks
  • Lot Size Acres: 1.056
  • Lot Size Area: 1.056
  • Lot Size Square Feet: 45999.7956
  • Lot Size Units: Acres
Property and Assessments
  • Year Built: 1989
  • Year Built Source: HCAD
  • Escrow: $10,000.00
Utilities
  • Irrigation Water Rights: No
  • Number Of Separate Water Meters: 1
  • Sewer: City Sewer
  • Water Source: Public
Green Features
  • Green Energy Efficient: None
Mobile Home
Mobile Home Information
  • Home Warranty: No
Interior and Exterior Features
Exterior Features
  • Exterior Features: Balcony, Mature Trees
  • Fencing: Landscaped, None
  • Pool: No
  • Number Of Buildings: 4
  • Construction Materials: Brick, Siding, Wood Siding
  • Other Structures: Laundry Facility
  • Roof: Shingle
  • Security Features: Smoke Detector(s)
Interior Features
  • Appliances: Electric Water Heater, Gas Water Heater, Refrigerator, Stove/Range-Electric Coil
  • Cooling: Central Air, Electric
  • Cooling YN: Yes
  • Flooring: Porcelain Tile
  • Heating: Central, Electric
  • Heating: Yes
  • Interior Features: Ceiling Fan(s)
  • Laundry Features: Laundry Room
  • Foundation Details: Slab
Multi Family
Income & Expenses
  • Gross Income: $153,600.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
Multi-Family Information
  • Number Of Units In Community: 5
  • Number Of Units Total: 17
  • Other Expense: $.00

Property History for 105 East 10th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 105 East 10th Street

Taxable ValueLand$151,800Additions$798,200Total$950,000
Tax Record2022$28,724 ($2,394 / month)
Home Facts
Total Finished SqFt12,880 SqFtAbove Grade Finished SqFt12,880 SqFtStories1Lot Size45,999 SqFtStyleMulti-Family Res (5+ Units)Year Built1989Year Renovated2006CountyHIDALGOAPNE0700-00-001-0001-00

Schools near 105 East 10th Street

This home is within Mercedes Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 8 to 12
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
North Elementary School
PublicPK to 5

Mercedes High School
Public8 to 12

SGT William G Harrell Middle
Public6 to 8

Mercedes Early College Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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105 East 10th Street is a multi-family home for sale in Mercedes, TX 78570. This property was listed for sale on September 24, 2024 by Hch Realty, it's currently listed at $1,200,000. It has been on the market for a total of 62 days and was last sold on July 29, 2022. This listing's school district is Mercedes Independent School District. Nearby schools include North Elementary School, Mercedes High School and SGT William G Harrell Middle. 105 East 10th Street is a 0-bed, 0-bath, 12,880 sqft multi-family home built in 1989.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Hch Realty

Based on information from one of the following Multiple Listing Services: GMAR MLS, South Texas MLS and Amarillo Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by GMAR MLS, South Texas MLS and Amarillo Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.