Long-Term Rentals: Generate stable income by renting out all four units. Mercedes has an average rental occupancy rate above 90%, ensuring steady demand.
Short-Term Rentals: Take advantage of the proximity to attractions like the Rio Grande Valley Livestock Show and SpaceX’s Starbase. Ideal for Airbnb or VRBO, catering to visitors and short-term tenants.
Resale Opportunities: Sell the entire fourplex at a projected value of $550,000, with construction costs between $350,000–$380,000 and lot purchases starting at $96,000. Investors can expect significant profit margins upon resale.
Live and Rent: Occupy one unit while renting out the remaining three. This option provides personal housing while offsetting costs through rental income.