302 PAPALOTE ROAD, RIO GRANDE CITY, TX 78582
Homes for sale in Rio Grande City.
Homes for sale in 78582.
List Price$449,500
302 Papalote Road
Rio Grande City, TX 78582
Listing #505385
4,650
Square Feet
Commercial
Type
About This Property
Investor opportunity in a growing area! This fully occupied 5-unit multifamily property offers immediate rental income with strong long-term potential. Each unit features 2 bedrooms and 2 bathrooms, providing an attractive and functional layout for tenants. This income-producing property is ideal for investors seeking steady cash flow and portfolio expansion. Well-maintained and fully leased, the complex offers consistent occupancy appeal with spacious layouts designed for comfortable living. Conveniently located near schools, shopping, dining, and major roadways, this property combines accessibility with strong rental demand. Excellent opportunity to own a turnkey investment property with multiple streams of income already in place. Properties like this are increasingly difficult to find -- secure a valuable asset with immediate revenue potential and room for future appreciation.
Property Features
Location Information
County
Starr
Directions
From US Highway 83 in Rio Grande City, head north on Hernandez Rd/Corrales Rd for approximately 0.7 miles. Turn left onto Corrales Rd, then make a right onto Papalote Rd. Property will be located a short distance ahead at 302 Papalote Rd, Rio Grande City, TX 78582.
Subdivision
Mi Ranchito Estates
Interior Features
Heating
Central
Appliances
Electric Water Heater
Cooling
Central Air
Accessibility
Handicap Access
Floors
Tile
Exterior Features
Construction
Stucco
Patio / Deck Description
Covered Patio
Roof
Shingle
Lot Description
See Remarks
Possession
Closing and Funding
Lot Size in Acres
0.01
Parking Description
Handicap, Paved
Lot Size in Sq. Ft.
449
Has Garage
Yes
Present Use
Other
Garage Spaces
12
Energy Features
Thermostat
Parking Spaces
12
Road Frontage
City Street
Additional Information
Property Type
COM
Units in Complex
5
Property SubType
Commercial
Taxes
8108
Year Built
2018
Tax Year
2026
APN
119500000004200000000
Square Feet Source
Starr CAD
Status
Active
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Mortgage Calculator
$2,097
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,619
Monthly Tax
$374
Monthly Insurance
$104
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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