106 S ARROYO BOULEVARD, RIO HONDO, TX 78583
Homes for sale in Rio Hondo.
Homes for sale in 78583.
106 S Arroyo Boulevard
Rio Hondo, TX 78583
List Price$295,000
Listing #501668
552
Square Feet
12
Number of Units
Multi-Unit Residential
Type
About This Property
Great opportunity to own a waterfront, grand-fathered, income-producing property in Rio Hondo. This unique setup includes a mix of cabins, mobile homes, RV rentals, and pad sites, creating multiple streams of income within one property. It's already cash flowing with tenants in place, while still offering room to grow. City is not granting RV permits for this location anymore. The property sits in a quiet, laid-back area near the water, that can be upgraded seeking long-term renters as well as seasonal tenants or Airbnb looking for a more relaxed environment. With limited rental options in Rio Hondo, demand has remained steady. There is clear upside for the next owner--whether through increasing rents, leasing out additional spaces, adding more units, or updating existing ones to maximize returns. If you're looking for something a little different from the typical multifamily property, this offers income today with the flexibility to expand and improve over time.
Property Features
Location Information
County
Cameron
Directions
Coming in to Rio Hondo through the Arroyo Colorado Lift bridge going west. Make a right on S Arroyo blvd, property will be on your right.
Subdivision
Rio Hondo Original Townsite
Interior Features
Interior
Other
Appliances
Water Heater (Other), Other
Cooling
Wall Unit(s), Window Unit(s)
Total Number of Units
12
Floors
Other
Features
None
Laundry
None
Exterior Features
Construction
Other
Fencing
Chain Link, Other, Wood
Exterior
Mature Trees, Other
Lot Description
Mature Trees
Foundation
Combination, Other, Pillar/Post/Pier, Slab
Lot Size in Acres
0.287
Roof
Other
Lot Size in Sq. Ft.
12,499
Possession
Closing and Funding
Buildings
Outbuilding (None)
Septic or Sewer
City Sewer, Other
Energy Features
None
Parking Description
Other Garage or Carport
Road Description
Caliche, Dirt, Gravel, Other, Paved
Garage Spaces
0
Waterfront Description
Waterfront
Parking Spaces
0
Has Waterfront
Yes
School
Elementary School District
Rio Hondo ISD
Middle School
Rio Hondo Junior High
Elementary School
Rio Hondo
High School
Rio Hondo H.S.
Additional Information
Property Type
RI
Units in Complex
12
Property SubType
Multi Family
Taxes
1582
Year Built
1990
Tax Year
2025
APN
5500005100001000
Square Feet Source
Appraiser
Status
Active
Similar Listings
Mortgage Calculator
$1,376
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,063
Monthly Tax
$245
Monthly Insurance
$68
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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