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Alison Stone

[email protected] +1(210) 508-3586

$ 450,000

Est. payment -/mo

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Active

505 State Highway 173 Hondo, TX 78861

3 Beds

2 Baths

1,322 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,322 sqft

Price per Sqft $340

Subdivision Lazy Acres

MLS Listing ID 1932404

Style One Story

Bedrooms 3

Full Baths 2

Year Built 1974

Annual Tax Amount $4,783

Tax Year 2025

Lot Size 0.892 Acres

Acres 0.892

Property Sub-Type Single Family Detached

Property Description

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.

Location

State TX

County Medina

Area 3000

Rooms

Master Bathroom Tub/Shower Combo

Master Bedroom Full Bath

Kitchen 12X13

Interior

Heating Central

Cooling One Central

Flooring Other

Inclusions Washer Connection, Dryer Connection

Exterior

Exterior Feature Privacy Fence, Mature Trees, Other - See Remarks

Parking Features One Car Garage, Attached

Pool None

Amenities Available None

Roof Type Composition

Private Pool N

Building

Lot Description Corner, 1/2-1 Acre, Mature Trees (ext feat), Level

Story 1

Foundation Slab, Other

Sewer Septic

Water Water System

Schools

Elementary Schools Hondo

Middle Schools Hondo

High Schools Hondo

School District Hondo I.S.D.

Others

Miscellaneous Investor Potential,As-Is

Acceptable Financing Conventional, Cash, Investors OK

Listing Terms Conventional, Cash, Investors OK

VOW-LERA MLS - Local Expertise Regional Access / SABOR

Listed by Kari Menchaca • Galm Real Estate, LLC • (830) 931-0900

Alison Stone

Advisor | License ID: 0680665

+1(210) 508-3586

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Alison Stone

505 State Highway 173 Hondo, TX 78861

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

505 State Highway 173

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