505 State Highway 173

Hondo, TX 78861

505 State Highway 173

Hondo, TX 78861

$450,000

10
  • Lazy Acres
  • MLS: #1932404
1 day, 21 hours, 30 minutes on market
3 2 1322
Beds Baths Sq. Ft.
StatusNew
Year Built1974
CountyMedina
FlooringOther
Lot Size0.892
ParkingOne Car Garage, Attached
Total Stories1
CoolingOne Central
School District Hondo I.S.D.
Schools Hondo, Hondo, Hondo
FireplaceNot Applicable
Property Type Single Family Detached
505 State Highway 173 Hondo TX 78861

Property Details

Income-Producing Property! Excellent investment opportunity featuring five income-producing sites situated on a .89 +- acre tract. Currently, four of the five units are rented, providing immediate cash flow with additional income potential. Improvements include a 3-bedroom, 2-bath site-built home 1,322 sq ft with carport, three RV lots, and a 1,456 sq ft, 3-bedroom, 2-bath mobile home that is currently available for rent. Seller is actively working to lease the vacant unit. Corner lot with excellent access, featuring direct frontage and access off Highway 173, plus secondary access from a side road. 3 Electric Meters on Site. Each site has sewer clean-out and water hookup. The property is serviced by two water meters for the lots. Current monthly income: $2,480. Projected monthly income: $3,680 once fully occupied. Conveniently located off Highway 173 North, with quick access to Highway 90, grocery stores, and nearby growth corridors.




Courtesy of Galm Real Estate, Llc

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