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$17,900,000
97 Days On Site

1514 Hope Drive
Mercedes, TX 78570

For Sale|Multi Family|Active
0
Beds
0
Total Baths
93,150
SqFt
$192
/SqFt
2024
Built
Subdivision:
Valley Ranch
County:
Hidalgo
Call Now: 956-599-8400
Is this the listing for you? We can help make it yours.
956-599-8400
1514 Hope Drive1514 Hope Drive1514 Hope Drive1514 Hope Drive
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Institutional-quality Build-to-Rent investment opportunity in the growing Valley Ranch Estates community in Mercedes, Texas. This 81-home single-family rental portfolio is approximately 95% occupied and features a mix of 3- and 4-bedroom homes, generating approximately $1.7 million in stabilized annual gross income with an estimated NOI of $1.06 million. Ideally located just off Expressway 83 behind the Rio Grande Valley Premium Outlets, the property offers exceptional access to major retail, dining, and employers. A rare opportunity to acquire a stabilized, income-producing residential community with strong cash flow and long-term growth potentia.lComplete financial package, rent roll, and additional due diligence materials available upon request.

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Listing Snapshot
Price 
$17,900,000
Days On Site 
97 Days
Bedrooms 
N/A
Inside Area (SqFt) 
93,150 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
18 Acres
Year Built 
2024
MLS Number 
509665
Status 
Active
Property Tax 
$383,062
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS
2 months agoPrice changed to $17,900,000
3 months agoListing first seen on site
General Features
Acres 
18
Foundation 
Slab
Parking 
No Garage
Property Sub Type 
Multi Family
Security 
Smoke Detector(s)
Sewer 
Public Sewer
SqFt Total 
93150
Water Source 
Public
Interior Features
Appliances 
RangeCooktopElectric Water HeaterMicrowaveRefrigerator
Cooling 
Ceiling Fan(s)Central AirElectric
Flooring 
Tile
Heating 
CentralElectric
Interior 
Ceiling Fan(s)
Laundry Features 
Laundry RoomWasher Hookup
Window Features 
Insulated WindowsDouble Pane Windows
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Exterior Features
Construction Details 
Stucco
Fencing 
PrivacyWood
Patio And Porch 
Patio
Roof 
Shingle
Windows/Doors 
Insulated WindowsDouble Pane Windows
Community Features
Community Features 
SidewalksStreet Lights
School District 
Mercedes ISD
Roads 
Paved
Schools
School District
Mercedes ISD
Elementary School
Hinojosa
Middle School
Sgt. Harold
High School
Mercedes H.S.
Listing courtesy of Avinaash Nash Buxani of WINNERS CIRCLE



Listing information is provided by Participants of the Greater McAllen Association of Realtors MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Greater McAllen Association of Realtors MLS.
Last checked: 2026-10-20 06:05 PM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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