302 PAPALOTE ROAD, RIO GRANDE CITY, TX 78582

Homes for sale in Rio Grande City.

Homes for sale in 78582.


Active

List Price$449,500

302 Papalote Road

Rio Grande City, TX 78582

Listing Image Listing Image Listing Image Listing Image Listing Image

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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