$360,000

6505 Lima Ln Mission, TX 78574

$4,275
Closing credit¹
4,056 sqft
0.5 acres
$89 / sqft
Multi-Family

Property details

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!

Highlights

Home typeMulti Family
HeatingCentral
StatusActive
CoolingCentral Air
Size4,056 sqft
Lot size0.505 Acres
Year built2008
MLS #458196
Garage10 spaces

Summary

  • MLS Number: 458196
  • MLS Name: McAllenTX
  • 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.


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Last updated on: 4/15/2025, 6:15:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front facade featuring a front lawn

$360,000

6505 Lima Ln

$4,275

closing credit¹

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0.5% sale price²

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2023$283,757$6,167
2022$283,757$6,209
2021$223,967$4,993
2020$226,002$4,993
2019$228,037$4,909
2017$194,657$4,321

History based on county public records data.

Nearby schools

8

Diaz-Villarreal Elementary School

Public District PK-5

1.0 mi

5543 N La Homa Rd

6

Raquel Cavazos Elementary School

Public District PK-5

1.5 mi

803 S Los Ebanos Rd

4

Dr Americo Paredes Elementary School

Public District PK-5

1.5 mi

5301 N Bentsen Palm Dr

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

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

How much money do the neighbors make?

49%
<35k
40%
35k-100k
9%
100k-200k
2%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

10%
Single, No Kids
23%
Single, with Kids
10%
Married, No Kids
57%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

27%
<11 yrs old
17%
12-17 yrs old
24%
18-34 yrs old
29%
35-64 yrs old
3%
65+ yrs old

What do the neighbors do for fun?

  • Mexican League SoccerMexican League Soccer
  • BasketballBasketball
  • NHRA Drag RacingNHRA Drag Racing

Where do the neighbors shop?

  • BurlingtonBurlington
  • Books-a-MillionBooks-a-Million
  • Ross Dress For LessRoss Dress For Less

Where do the neighbors go to eat?

  • Church's ChickenChurch's Chicken
  • Jasons DeliJasons Deli
  • Golden CorralGolden Corral

What do the neighbors drive?

  • ChevroletChevrolet
  • ToyotaToyota
  • AcuraAcura

What do the neighbors listen to?

  • Urban Adult ContemporaryUrban Adult Contemporary
  • Adult HitsAdult Hits
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

Similar homes for sale

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. Features: 0 bathroom. It has been listed on Rocket Homes since January 7, 2025 and is currently priced at $360,000.

While more than 8 listings in Mission, TX in March 2025 were sold above asking price, there were more than 11 listings sold at asking price, and more than 33 were sold below. The number of listings in Mission, TX increased by 14% between February and March 2025. In March 2025, listings were on the market for 97 days. During the same period, the median list price in this real estate market was $270,000.

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

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