407 Minnesota Rd
Description
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....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.
- Listed by Rene Flores • TREC #801070994 • Exp Realty Llc
Property Details for 407 Minnesota Road
Property Details for 407 Minnesota Road
| Status | Active |
|---|---|
| MLS # | 461669 |
| Days on Market | 413 |
| Taxes | $11,356 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Multi Family |
| Year Built | 2004 |
| Lot Size | 0.50 AC / 21,780 SF |
| County | Hidalgo County |
Location
Building Information for 407 Minnesota Road
Payment Calculator
$3,640 per month
30 year fixed, 6.46% Interest
$2,694
$946
$0
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1Property Information for 407 Minnesota Road
- 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.
- Road Surface Type: Paved
- Carport Spaces: 0.0
- Carport YN: No
- Covered Spaces: 0.0
- Garage Spaces: 0.0
- Garage: No
- Parking Features: No Garage
- Parking Total: 0.0
- Elementary School: Leo
- Elementary School District: La Joya ISD
- High School: Palmview H.S.
- High School District: La Joya ISD
- Middle Or Junior School: Chavez
- Middle Or Junior School District: La Joya ISD
- Association: No
- Parcel Number: P295200000000500
- Tax Annual Amount: $11,356
- Tax Legal Description: PALMVIEW WEST LOT 5
- Tax Year: 2024
- Building Area Source: HidalgoCAD
- Building Area Total: 4940.0
- Building Area Units: Square Feet
- Living Area: 4940.0
- Living Area Source: HidalgoCAD
- Living Area Units: Square Feet
- Lot Size Acres: 0.5
- Lot Size Area: 21780.0
- Lot Size Square Feet: 21780.0
- Lot Size Units: Square Feet
- New Construction: No
- Year Built: 2004
- Year Built Source: HCAD
- Escrow: $5,000.00
- Irrigation Water Rights: No
- Number Of Separate Water Meters: 5
- Sewer: City Sewer
- Utilities: Cable Available
- Water Source: Public
- Green Energy Efficient: Thermostat
- Home Warranty: No
- Exterior Features: Other
- Fencing: Wood
- Pool: No
- Number Of Buildings: 5
- Construction Materials: Brick
- Other Structures: Outbuilding (None)
- Roof: Shingle
- Window Features: Energy Feature (Solar Screen)
- Appliances: Electric Water Heater, Water Heater (Programmable thermostat), No Conveying Appliances
- Cooling: Central Air, Electric
- Cooling YN: Yes
- Flooring: Tile
- Heating: Central, Electric
- Heating: Yes
- Interior Features: Dryer, Microwave
- Laundry Features: Laundry Area
- Foundation Details: Slab
- Gross Income: $.00
- Insurance Expense: $.00
- Maintenance Expense: $.00
- Number Of Units In Community: 5
- Number Of Units Total: 5
- Other Expense: $.00
Property History for 407 Minnesota Road
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Feb 13, 2025 | Listed (Active) Greater McAllen Association of REALTORS #461669 | $535,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 02/13/2025 | Listed (Active) Greater McAllen Association of REALTORS #461669 | $535,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 407 Minnesota Road
Schools near 407 Minnesota Road
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 5 |
Rating | School | Distance |
|---|---|---|
E B Reyna Elementary School PublicPK to 5 | ||
Irene M Garcia Middle School Public6 to 8 | ||
La Joya Palmview High School Public9 to 12 | ||
Eligio Kika De La Garza Elementary School PublicPK to 5 |
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.
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Listing Courtesy of Exp Realty Llc
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.