6505 Lima Lane

Mission, TX 78574

$360,000
Price
Beds
4,056 Sq. Ft.
$89 / Sq. Ft.
4,056
Sq. Ft.
$89
per Sq. Ft.

Description

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...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!
  1. Listed by Irving N. Kim • TREC #801068594 • Big Realty

Property Details for 6505 Lima Lane

Community Features
Other
Subdivision Name
La Homa Groves
LISTING UPDATED: 01/07/2025 04:08 PM

Property Details for 6505 Lima Lane

StatusActive
MLS #458196
Days on Market4
Taxes$6,210 / year
HOA Fees-
Condo/Co-op Fees$60 / year
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built2008
Lot Size0.51 AC / 21,999 SF
CountyHidalgo County

Building Information for 6505 Lima Lane

Stories1Residences5Year Built2008Building Size-Lot Size0.51 AC / 21,999 SF

Property Information for 6505 Lima Lane

Summary
Location and General Information
  • Directions: From expressway, head north on La Homa Rd and turn east on Naranja Dr. and turn on Lima Lane.
  • Road Surface Type: Paved
Parking
  • Carport Spaces: 10.0
  • Carport YN: Yes
  • Covered Spaces: 20.0
  • Garage Spaces: 10.0
  • Garage: Yes
  • Parking Features: Other Garage or Carport
  • Parking Total: 20.0
School Information
  • Elementary School: Kika De la Garza
  • Elementary School District: Mission ISD
  • High School: Mission H.S.
  • High School District: Mission ISD
  • Middle Or Junior School: Memorial
  • Middle Or Junior School District: Mission ISD
Taxes and HOA
  • Association: No
  • Parcel Number: L106903000007700
  • Tax Annual Amount: $6,210
  • Tax Legal Description: All of Lot 77, La Homa Groves Subdivision Unit NO. 3
  • Tax Year: 2019
Property
Lot Information
  • Building Area Source: HidalgoCAD
  • Building Area Total: 4056.0
  • Building Area Units: Square Feet
  • Living Area: 4056.0
  • Living Area Source: HidalgoCAD
  • Living Area Units: Square Feet
  • Lot Size Acres: 0.505
  • Lot Size Area: 21999.978
  • Lot Size Dimensions: 100x220
  • Lot Size Square Feet: 21999.978
  • Lot Size Units: Square Feet
Property and Assessments
  • Year Built: 2008
  • Year Built Source: HCAD
  • Escrow: $4,000.00
Utilities
  • Irrigation Water Rights: No
  • Number Of Separate Water Meters: 1
  • Sewer: City Sewer
  • Water Source: Public
Green Features
  • Green Energy Efficient: None
Mobile Home
Mobile Home Information
  • Home Warranty: No
Interior and Exterior Features
Exterior Features
  • Exterior Features: None
  • Fencing: None
  • Pool: No
  • Number Of Buildings: 1
  • Construction Materials: Brick
  • Other Structures: Outbuilding (None)
  • Roof: Composition Shingle
Interior Features
  • Appliances: Water Heater (Other), Dryer, Refrigerator, Stove/Range-Electric Coil, Washer
  • Cooling: Central Air
  • Cooling YN: Yes
  • Flooring: Tile
  • Heating: Central
  • Heating: Yes
  • Interior Features: Other
  • Laundry Features: Laundry Closet
  • Foundation Details: Slab
Multi Family
Income & Expenses
  • Gross Income: $22,500.00
  • Insurance Expense: $1,875.00
  • Maintenance Expense: $60.00
Multi-Family Information
  • Number Of Units In Community: 5
  • Number Of Units Total: 5
  • Other Expense: $.00

Property History for 6505 Lima Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6505 Lima Lane

Taxable ValueLand$77,000Additions$206,757Total$283,757
Tax Record2022$6,168 ($514 / month)
Home Facts
Total Finished SqFt4,056 SqFtAbove Grade Finished SqFt4,056 SqFtStories1Lot Size22,002 SqFtStyleMulti-Family Res (5+ Units)Year Built2008ZoningRSCountyHIDALGOAPNL1069-03-000-0077-00

Schools near 6505 Lima Lane

This home is within La Joya Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 8 to 12
Public - PK to 5
Rating
School
Distance
Diaz-Villarreal Elementary School
PublicPK to 5

Domingo Trevino Middle School
Public6 to 8

Juarez-Lincoln High School
Public8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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6505 Lima Lane is a multi-family home for sale in Mission, TX 78574. This property was listed for sale on January 7, 2025 by Big Realty, it's currently listed at $360,000. It has been on the market for a total of 4 days and was last sold on April 29, 2019. This listing's school district is La Joya Independent School District. Nearby schools include Diaz-Villarreal Elementary School, Domingo Trevino Middle School and Juarez-Lincoln High School. 6505 Lima Lane is a 0-bed, 0-bath, 4,056 sqft multi-family home built in 2008.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Big Realty

Based on information from one of the following Multiple Listing Services: GMAR MLS, South Texas MLS and Amarillo Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by GMAR MLS, South Texas MLS and Amarillo Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.