7222 Mile 2 E Road

Mercedes, TX 78570

$775,000
Price
Beds
5,280 Sq. Ft.
$147 / Sq. Ft.
5,280
Sq. Ft.
$147
per Sq. Ft.

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.
  1. Listed by Rodolfo R. Velasquez • TREC #810502069 • Envision Real Estate Group

Property Details for 7222 Mile 2 E Road

Community Features
Gated
Subdivision Name
Capisallo
LISTING UPDATED: 10/02/2024 07:32 PM

Property Details for 7222 Mile 2 E Road

StatusActive
MLS #420614
Days on Market233
Taxes$4,519 / year
HOA Fees-
Condo/Co-op Fees$4,800 / year
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1987
Lot Size9.23 AC / 402,058 SF
CountyHidalgo 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

Summary
Location and General Information
  • Directions: Head east on I-2/US-83 E to W Expy 83/E Frontage Rd/U.S. 83 Frontage Rd S in Mercedes. Take exit 165 from I-2/US-83 E. Turn right/south onto Mile 2 E Rd. Head south for approximately 1.7 miles passing business 83, property will be on left hand side.
  • Road Surface Type: Other, Paved
Parking
  • Carport Spaces: 0.0
  • Carport YN: No
  • Covered Spaces: 3.0
  • Garage Spaces: 3.0
  • Garage: Yes
  • Parking Features: Detached
  • Parking Total: 3.0
School Information
  • Elementary School: Hinojosa
  • Elementary School District: Mercedes ISD
  • High School: Mercedes H.S.
  • High School District: Mercedes ISD
  • Middle Or Junior School: Kennedy
  • Middle Or Junior School District: Mercedes ISD
Taxes and HOA
  • Association: No
  • Parcel Number: C140000028001300
  • Tax Annual Amount: $4,519
  • Tax Legal Description: CAPISALLO W330' LOT 13 BLK 28 10AC GR 9.23AC NET
  • Tax Year: 2023
Property
Lot Information
  • Building Area Source: HidalgoCAD
  • Building Area Total: 5280.0
  • Building Area Units: Square Feet
  • Living Area: 5280.0
  • Living Area Source: HidalgoCAD
  • Living Area Units: Square Feet
  • Lot Features: Corner Lot, Flood Irrigation, Mature Trees
  • Lot Size Acres: 9.23
  • Lot Size Area: 9.23
  • Lot Size Square Feet: 402058.8
  • Lot Size Units: Acres
Property and Assessments
  • Year Built: 1987
  • Year Built Source: HCAD
  • Escrow: $7,750.00
Utilities
  • Irrigation Water Rights: No
  • Number Of Separate Water Meters: 0
  • Sewer: Other, Septic Tank
  • Water Source: Private Well
Green Features
  • Green Energy Efficient: Energy Star
Mobile Home
Mobile Home Information
  • Home Warranty: No
Interior and Exterior Features
Exterior Features
  • Exterior Features: Manual Gate, Mature Trees
  • Fencing: Barbed Wire, Irrigation, Other, Smooth Wire
  • Pool: No
  • Number Of Buildings: 4
  • Construction Materials: Frame/Wood
  • Other Structures: Outbuilding (None)
  • Patio And Porch Features: Covered Patio
  • Roof: Shingle
Interior Features
  • Appliances: Electric Water Heater, No Conveying Appliances
  • Cooling: Central Air
  • Cooling YN: Yes
  • Flooring: Hardwood, Laminate
  • Heating: Central
  • Heating: Yes
  • Interior Features: Ceiling Fan(s)
  • Laundry Features: Laundry Closet, Washer/Dryer Connection
  • Foundation Details: Pillar/Post/Pier
Multi Family
Income & Expenses
  • Gross Income: $37,000.00
  • Insurance Expense: $1,100.00
  • Maintenance Expense: $4,800.00
Multi-Family Information
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Other Expense: $.00

Property History for 7222 Mile 2 E Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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7222 Mile 2 E Road is a multi-family home for sale in Mercedes, TX 78570. This property was listed for sale on April 8, 2024 by Envision Real Estate Group, it's currently listed at $775,000. This listing's school district is Mercedes Independent School District. Nearby schools include Ruben Hinojosa Elementary School, SGT William G Harrell Middle and Mercedes High School. 7222 Mile 2 E Road is a 0-bed, 0-bath, 5,280 sqft multi-family home built in 1987.

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 Envision Real Estate Group

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.