About 406 S Fm 492
Discover an incredible investment opportunity with this rare 6-plex in the Rio Grande Valley! Each of the six units offers 2 bedrooms and 1 bathroom, currently rented to long-term tenants at $750 per month. With rents unchanged for some time, there’s exciting potential to increase income, making this property even more appealing. Location is everything, and this property delivers! Situated just seconds from Highway 83, you’ll enjoy easy access to major areas. Plus, it’s within walking distance to Flores Elementary, making it a desirable spot for families. A 6-plex is a rare find in the RGV, and this one is perfect for investors seeking steady income with room to grow. Don’t miss out on this fantastic opportunity to own a multi-unit property in a prime location!
Features of 406 S Fm 492
| MLS® # | 458470 |
|---|---|
| Price | $550,000 |
| Square Footage | 5,544 |
| Acres | 0.50 |
| Year Built | 1997 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 406 S Fm 492 |
|---|---|
| Subdivision | Flores Heights |
| City | Mission |
| County | Hidalgo |
| State | TX |
| Zip Code | 78572 |
Amenities
| Parking | No Garage |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Laundry Features | None |
| Community Amenities | None |
Interior
| Interior Features | Other |
|---|---|
| Appliances | Water Heater (Other), No Conveying Appliances |
| Heating | Central, Electric |
| Cooling | Central Air, Electric |
| Total # of Units | 6 |
| # of Buildings | 1 |
Exterior
| Exterior Features | None |
|---|---|
| Lot Description | Corner Lot |
| Roof | Composition Shingle |
| Construction | Brick |
| Foundation | Slab |
School Information
| District | La Joya ISD |
|---|---|
| Elementary | Flores |
| Middle | Richards |
| High | Palmview H.S. |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| Annual Tax | $11,033 |
| Gross Income | $4,500 |
| HOA Association | No |
Listing Details
| Agent | Erick Ochoa |
|---|---|
| Office | Fox Real Estate Pros |
| Contact Info | 956-735-5424 |