7222 Mile 2 E Road
$775,000
—
5,280
5,280
$147
Description
Welcome to an exceptional investment opportunity in Mercedes, TX! Nestled on 9.23 acres directly along Mile 2 Rd, and less than a mile away from Expressway 83, this property offers a prime location for those looking to expand their real estate portfolio. The package includes 4 independent buildings, 3 of which are fully renovated and currently leased. The abundance of vacant land provides a unique opportunity to build additional rental properties. Imagine the possibilities as you design and develop...Welcome to an exceptional investment opportunity in Mercedes, TX! Nestled on 9.23 acres directly along Mile 2 Rd, and less than a mile away from Expressway 83, this property offers a prime location for those looking to expand their real estate portfolio. The package includes 4 independent buildings, 3 of which are fully renovated and currently leased. The abundance of vacant land provides a unique opportunity to build additional rental properties. Imagine the possibilities as you design and develop new residences, tailored to meet the growing demands of the local market. The adjacent 30 acres only amplifies the potential, offering even more room for expansion or diverse development projects. Combine both parcels to embark on a large-scale venture that could redefine real estate in Mercedes, Texas. Seize the opportunity to not only invest in existing rental properties but to shape the future of this location.
- Listed by Rodolfo R. Velasquez • TREC #810502069 • Envision Real Estate Group
Property Details for 7222 Mile 2 E Road
Community Features
Gated
Subdivision NameCapisallo
LISTING UPDATED: 10/02/2024 07:32 PM
Property Details for 7222 Mile 2 E Road
Status | Active |
---|---|
MLS # | 420614 |
Days on Market | 233 |
Taxes | $4,519 / year |
HOA Fees | - |
Condo/Co-op Fees | $4,800 / year |
Compass Type | Multi Family |
MLS Type | Residential Income / Multi Family |
Year Built | 1987 |
Lot Size | 9.23 AC / 402,058 SF |
County | Hidalgo County |
Building Information for 7222 Mile 2 E Road
Stories-Residences4Year Built1987Building Size-Lot Size9.23 AC / 402,058 SF
Property Information for 7222 Mile 2 E Road
Property History for 7222 Mile 2 E Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7222 Mile 2 E Road
Taxable ValueLand$87,685Additions$135,779Total$223,464
Tax Record2023$4,519 ($377 / month)
Home Facts
Total Finished SqFt1,512 SqFtAbove Grade Finished SqFt1,512 SqFtStories1Lot Size402,059 SqFtStyleMobile / Manufactured HomeYear Built1987CountyHIDALGOAPNC1400-00-028-0013-00
Schools near 7222 Mile 2 E Road
This home is within Mercedes Independent School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 8 to 12 | |||
Public - | 2 to 12 |
Rating | School | Distance |
---|---|---|
Ruben Hinojosa Elementary School PublicPK to 5 | ||
SGT William G Harrell Middle Public6 to 8 | ||
Mercedes High School Public8 to 12 | ||
Mercedes Daep Public2 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.
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