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6505 Lima Ln, Mission, TX, 78574

$360,000

Home List Price

$4,275*

Closing Credit

0 Baths
4,056 SqFt
$89/SqFt
Multi

Location

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6505 Lima Ln, Mission$360,000

Buyer Closing Credits

$4,275*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Garage10 spaces
Year Built2008
HeatingCentral
CoolingCentral Air
MLS #452958
Lot Size0.51 Acres
StatusActive

About 6505 Lima Ln

**6505 Lima Lane** offers a fantastic investment opportunity as a five-unit multi-family apartment building. Positioned just off La Homa Road in the Mission-Alton area, this property consistently maintains full occupancy with a waitlist of prospective tenants. This demand is fueled by its affordable rental rates, making it highly sought-after in the local market. Additionally, the expansive lot provides great flexibility for future development, allowing options to add more rental units or even establish a commercial storefront along La Homa Road. Don’t miss the chance to invest in a property with both immediate income potential and room for growth!

Property Details

Property Features

Property Information:

  • Year Built: 2008
  • Stories: 1
  • Living Area: 4,056 SqFt

Listing Office:

  • Office Name: BIG Realty
  • Office Phone: (956) 465-0011
  • Listing Agent: Irving Kim

Interior Features

Interior Information:

  • Appliances: Range, Cooktop, Dryer, Refrigerator, Washer
  • Flooring Type: Tile
  • Interior: Other

Exterior Features

Exterior Information:

  • Exterior: None

Parking Information:

  • Garage Space: 10 spaces

Lot Features

Lot Information:

  • Lot Size: 0.51 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From expressway, head north on La Homa Rd and turn east on Naranja Dr. and turn on Lima Lane.

Price Information

Listing Price Info

Price Summary:

  • List Price: $360,000
  • Price Per SqFt: $89/SqFt

Tax Information:

  • Annual Amount: $4,994
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Mission, TX.

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Mission, TX

City

Med. List Price

$691.2K

Med. Price/SqFt

$249

Avg. Days On Market

106

# of Sold Homes

7

6505 Lima Ln vs Mission

2 DAYS ON ROCKET

-104 Days

$360,000

-$331.2K Less

$89/SqFt

-$160 Less

KEY TAKEAWAY

This property is $331.2K less than the Median List Price and $160/SqFt less than other homes in Mission, TX.

Based on homes listed in November 2024

MLS Details

MLS Information:

  • MLS Name: McAllenTX
  • MLS Number: #452958

Listing Office:

  • Office Name: BIG Realty
  • Office Phone: (956) 465-0011
  • Listing Agent: Irving Kim

Listing information provided by Greater McAllen Association of REALTORS MLS. Information is deemed to be reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 12/4/2024, 1:15:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$4,994$226,002
2019$4,909$228,037
2017$4,322$194,657

History based on county public records data.

Payment Calculator

$1,864

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,146

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-50074
6
/10

  • Diaz-Villarreal Elementary School

  • 5543 N La Homa Rd

  • 1.03 miles

  • Public District Grades PK-5

school-card-donut-50075
8
/10

  • Eligio Kika de la Garza Elementary School

  • 5441 N La Homa Rd

  • 1.09 miles

  • Public District Grades PK-5

school-card-donut-50076
7
/10

  • Raquel Cavazos Elementary School

  • 803 S Los Ebanos Rd

  • 1.47 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,745. The most common annual income of people living in Mission, TX is less than $35k. Most families are married, with kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Texas›Hidalgo County›Mission›78574›6505 Lima Ln

This home is located at 6505 Lima Ln in Mission, TX and zip code 78574 in the La Homa neighborhood. This 4,056 square foot home, which was built in 2008, sits on a 0.51 acre lot. It has been listed on Rocket Homes since December 02, 2024 and is currently priced at $360,000.

The inventory of homes for sale in Mission, TX between October 2024 and November 2024 increased by 8.6%. In November 2024, listings were on the market for 106 days. During the same period, the median list price in this real estate market was $691,263.

From Rocket Homes Real Estate and based on county public records data.

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