6505 Lima Ln Mission, TX 78574-3662
- Apartment buildings
- 4,056 SF
- 0.51 lot acres
Sep 06, 2022
Current Use by Public Records
- Apartment buildings
Property Details for 6505 Lima Ln
- Year built
- 2008
- Lot size
- 0.51 lot acres
- Property size
- 4,056 SF
- Zone code
- RS
- Property type
- Apartment buildings
- APN
- L1069-03-000-0077-00
- APU
- L106903000007700
Description
This exceptional five-unit apartment building, constructed in 2008, presents a compelling investment opportunity in the desirable Mission, Texas market. Located at 6505 Lima Lane, this property boasts a substantial 4,056 square feet of living space spread across its five units. Situated on a generous 21,999.978 square foot lot, the property enjoys a prime location just off La Homa Road in the Mission-Alton area. Currently operating at full occupancy with a waiting list, this property demonstrates strong rental demand due to its affordable rates. The significant lot size offers considerable potential for future expansion, allowing for the addition of more rental units or even the development of a commercial space along the highly trafficked La Homa Road. This property represents a rare blend of immediate income generation and long-term growth potential, making it an ideal investment for discerning buyers seeking a stable and appreciating asset in a thriving Texas market. The single building is situated in Hidalgo County, Texas, zip code 78574. This turnkey investment is ready for immediate income generation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mission
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.3507
- Latitude
- 26.2961
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
