About 1514 Hope Drive
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.
Features of 1514 Hope Drive
| MLS® # | 509665 |
|---|---|
| Price | $17,900,000 |
| Square Footage | 93,150 |
| Acres | 18.00 |
| Year Built | 2024 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 1514 Hope Drive |
|---|---|
| Subdivision | Valley Ranch |
| City | Mercedes |
| County | Hidalgo |
| State | TX |
| Zip Code | 78570 |
Amenities
| Parking | No Carport, No Garage |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Ceiling Fan(s) |
|---|---|
| Appliances | Electric Water Heater, Microwave, Refrigerator, Stove/Range |
| Heating | Central, Electric |
| Cooling | Central Air, Electric |
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior Features | Sprinkler System |
|---|---|
| Lot Description | Sidewalks, Sprinkler System |
| Windows | Energy Features (Double Pane Windows) |
| Roof | Shingle |
| Construction | Stucco |
| Foundation | Slab |
School Information
| District | Mercedes ISD |
|---|---|
| Elementary | Hinojosa |
| Middle | Sgt. Harold |
| High | Mercedes H.S. |
Additional Information
| Date Listed | July 15th, 2026 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Agent | Avinaash Nash Buxani |
|---|---|
| Office | WINNERS CIRCLE |
| Contact Info | 956-949-9337 |