About 105 E 10th Street
A great time to add cash flow with a multifamily 16 units with onsite laundry facilities generating additional income to your portfolio. As of march 28 2025 only two units are vacant ,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 was replaced in 2019, The property is conveniently close to schools, and a science academy, minutes from the Mercedes Outlet Mall. Washers and Dryers are not leased and were purchased in 2021 along with the gas water heater. The tenants pay for electric and the landlord pays for water / trash ( appx $300 monthly ).
Features of 105 E 10th Street
| MLS® # | 465553 |
|---|---|
| Price | $999,999 |
| Square Footage | 12,880 |
| Acres | 1.06 |
| Year Built | 1989 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 105 E 10th Street |
|---|---|
| Subdivision | East Mercedes |
| City | Mercedes |
| County | Hidalgo |
| State | TX |
| Zip Code | 78570 |
Amenities
| Parking | No Garage |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Laundry Features | Laundry Room |
| Community Amenities | Curbs, Sidewalks, Street Lights |
Interior
| Interior Features | Split Bedrooms |
|---|---|
| Appliances | Electric Water Heater, Gas Water Heater, Refrigerator, Stove/Range-Electric Coil |
| Heating | Central, Electric |
| Cooling | Central Air, Electric |
| Total # of Units | 17 |
| # of Buildings | 5 |
Exterior
| Exterior Features | None |
|---|---|
| Roof | Shingle |
| Construction | Brick, Siding, Wood Siding |
| Foundation | Slab |
School Information
| District | Mercedes ISD |
|---|---|
| Elementary | JFK |
| Middle | Harwell |
| High | Mercedes H.S. |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| Property Insurance | $4,500 |
| Gross Income | $118,800 |
| HOA Association | No |
Listing Details
| Agent | Idan Zur |
|---|---|
| Office | Fortune Realty LLC |
| Contact Info | 505-480-3401 |