Description
Rare opportunity to acquire a fully leased, income-producing investment property featuring five separate rental sites on approximately 0.89 acres with outstanding frontage along State Highway 173 in Hondo, Texas. Fully rented and immediate cash flow from day one, this property offers the diversified income stream investors are looking for. The property includes a 1,322 square foot, 3-bedroom, 2-bath site-built home, a 1,456 square foot, 3-bedroom, 2-bath manufactured home, and three additional leased RV/lot rental sites, creating multiple sources of rental income on one property. Infrastructure is already in place with three electric meters, two water meters, sewer clean-outs, and water hookups serving the individual rental sites. Positioned on a highly visible corner with frontage on State Highway 173 and secondary road access, the property provides excellent accessibility while remaining just minutes from Highway 90, shopping, schools, restaurants, and the continued growth of the Hondo area. Whether you're expanding your investment portfolio, completing a 1031 exchange, or seeking a property with immediate cash flow and future appreciation potential, this is an opportunity that is difficult to replicate.
Details
| MLS # | 1932404 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Year | 1974 |
| Days On Site | 232 |
| Listing Provided By | Galm Real Estate, LLC | Kari Menchaca |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,322 |
| Garage | 1 |
| Story(s) | 1 |
| Acreage | 0.89 |
Interior
| Interior | One Living Area, 1st Floor Lvl/No Steps |
|---|---|
| Heating | Central |
| Heating Fuel | Propane Owned |
| Fireplace | Not Applicable |
| Number Of Fireplaces | 0 |
Exterior
| Exterior | Brick, Siding |
|---|---|
| Exterior Features | Privacy Fence, Mature Trees, Other - See Remarks |
| Roof | Composition |
| Foundation | Slab, Other |
Parking
| Garage Parking | One Car Garage, Attached |
|---|
Utilities
| Waterorsewer | Water System, Septic |
|---|
Taxes
| Tax Property Id | R68782 |
|---|---|
| Taxed By Mltpl Counties | No |
| Total Tax | 4783 |
Area Information
| State | TX |
|---|---|
| County | Medina |
| City | Hondo |
| Zip Code | 78861 |
| Area | Medina |
| Community Name | LAZY ACRES |
| School District | Hondo I.S.D. |
| Elementary School | Hondo |
| High School | Hondo |
| Listing VS Median (in LAZY ACRES) | |
Price: $435,000 low | high Med: $435,000 sqft: 1,322 low | high Med: 1,322 $ / sqft: $329 low | high Med: $329 On site: 232 low | high Med: 232 | |
Market Activity 78861
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Learn More About This Property
| State | TX |
|---|---|
| County | Medina |
| City | Hondo |
| Zip Code | 78861 |
| Area | Medina |
| Community Name | LAZY ACRES |
| School District | Hondo I.S.D. |
| Elementary School | Hondo |
| High School | Hondo |
| Listing VS Median (in LAZY ACRES) | |
Price: $435,000 low | high Med: $435,000 sqft: 1,322 low | high Med: 1,322 $ / sqft: $329 low | high Med: $329 On site: 232 low | high Med: 232 | |
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