$535,000

407 Minnesota Rd Palmview, TX 78574

La Homa Neighborhood

Estimated payment $3,861/month

Total Views 3,800
-- Bed
-- Bath
4,940 Sq Ft
$108 Price per Sq Ft

Highlights

  • No HOA
  • Laundry closet
  • Central Heating and Cooling System
  • Solar Screens
  • Tile Flooring
  • Wood Fence

About This Home

Investment Opportunity: 5-Plex at 407 S Minnesota, Palmview, Mission
This fully occupied 5-plex offers steady cash flow with 2-bed, 2-bath units. A solid, income-generating asset for investors seeking growth. All units are leased, ensuring immediate returns. The well-maintained property offers a tranquil environment with low tenant turnover, maximizing investment stability. Situated in a desirable area with easy access to local amenities, this 5-plex is an ideal addition to any real estate portfolio. Don’t miss out on this income-producing property.

Listing Agent

Rene Flores

Exp Realty Llc Listed on: 02/13/2025

Exp Realty Llc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,356

Year Built

  • Built in 2004

Lot Details

  • 0.5 Acre Lot
  • Wood Fence

Parking

  • No Garage

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 4,940 Sq Ft Home
  • 1-Story Property
  • Solar Screens
  • Tile Flooring
  • Microwave

Laundry

  • Laundry closet
  • Dryer

Eco-Friendly Details

  • Energy-Efficient Thermostat

Schools

  • Leo Elementary School
  • Chavez Middle School
  • Palmview High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 5 Buildings
  • 5 Units
  • Palmview West Subdivision

Listing and Financial Details

  • Assessor Parcel Number P295200000000500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,356

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Directions: To reach 407 S Minnesota Ave, Mission, TX 78572, follow these directions: Starting from Edinburg, TX: Head west on US-83 W toward Mission. Continue on US-83 W for approximately 15 miles. Approaching Mission: Take the exit toward Los Ebanos Rd from US-83 W. Merge onto Frontage Rd. Turn left onto Los Ebanos Rd. Final Steps: Continue on Los Ebanos Rd for about 1 mile. Turn right onto S Minnesota Ave. Your destination, 407 S Minnesota Ave, will be on the left. Please note that 407 S Minnesota Ave is located in Mission, not Palmview. Ensure you are heading to the correct city to avoid any confusion.
  • Year Built: 2004
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.5
  • Road Surface Type: Paved
  • Subdivision Name: Palmview West
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Efficiency: Thermostat
  • Building Stories: 1
  • GMAR_Escrow: 5000
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Shingle
  • Appliances: Electric Water Heater, Water Heater (Programmable thermostat), No Conveying Appliances
  • Flooring: Tile
  • Living Area: 4940
  • Window Features: Energy Feature (Solar Screen)

Exterior Features

  • Exterior Features: Other
  • Interior Amenities: Dryer, Microwave
  • Fencing: Wood
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Pool YN: No

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Utilities: Cable Available
  • Laundry Features: Laundry Area
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Other
  • Association: No

Schools

  • Elementary School: Leo
  • High School: Palmview H.S.
  • Junior High Dist: La Joya ISD
  • Middle Or Junior School: Chavez

Lot Info

  • Lot Size Sq Ft: 21780
  • Parcel #: P295200000000500

Building Info

  • Buildings: 5

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 11356

Multi Family

  • Number Of Units In Community: 5
  • Number Of Units Total: 5

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2025 02/13/25 For Sale $535,000 -- $108 / Sq Ft
Source: Greater McAllen Association of REALTORS®

Source: Greater McAllen Association of REALTORS®

MLS Number: 461669

Greater McAllen Association of REALTORS®

Texas Hidalgo County Palmview 78572 La Homa

407 Minnesota Rd, Palmview, TX

This home is located at 407 Minnesota Rd, Palmview, TX 78574 and is currently priced at $535,000, approximately $108 per square foot. This property was built in 2004. 407 Minnesota Rd is a home located in Hidalgo County with nearby schools including E.B. Reyna Elementary School, La Joya Isd Head Start Program, and Irene M. Garcia Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater McAllen Association of REALTORS® The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Greater McAllen Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed.

Copyright 2025 Greater McAllen Association of Realtors. All rights reserved.

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Listing Agent
Rene Flores
Section Image
Exp Realty Llc
(956) 673-0257