505 STATE HIGHWAY 173, HONDO, TX 78861

Homes for sale in Hondo.

Homes for sale in 78861.


Active

List Price$435,000

505 State Highway 173

Hondo, TX 78861

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #1932404

3

Bedrooms

2 full

Bathrooms

1,322

Square Feet

House

Type

About This Property

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.

Listing Courtesy of Kari Menchaca, Galm Real Estate, LLC (830) 931-0900

Property Features

Location Information

County

Medina

MLS Area

3000

Neighborhood Amenities

None

Subdivision

LAZY ACRES

Interior Features

Room Dimensions

Living: 15x16, Kitchen: 12x13, MasterBR: 13x12, BR2: 10x10, BR3: 11x11

Fireplace Description

Not Applicable

Interior

One Living Area, 1st Floor Lvl/No Steps

Heating

Central

Master Bedroom Description

Full Bath

Heating Fuel

Propane Owned

Master Bathroom Description

Tub/Shower Combo

Cooling

One Central

Has Dining Room

Yes

Floors

Other

Has Family Room

Yes

Exterior Features

Style

One Story

Electric Supplier

Medina

Construction

Pre-Owned

Parking Description

One Car Garage, Attached

Exterior

Privacy Fence, Mature Trees, Other - See Remarks

Has Garage

Yes

Manufacturer

Unk

Garage Spaces

1

Foundation

Slab, Other

Pool/Spa Description

None

Roof

Composition

Lot Size

0.892

Water / Sewer

Water System, Septic

Lot Description

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

Sewer Supplier

Private

Is One Story

Yes

Water Supplier

City

School

School District

Hondo I.S.D.

Jr. High School

Hondo

Elementary School

Hondo

High School

Hondo

Additional Information

Proposed Terms

Conventional, Cash, Investors OK

Year Built

1974

Property Type

SFR

Status

Active

Property SubType

Single Family Detached

Miscellaneous

Investor Potential, As-Is

Similar Listings

Mortgage Calculator

$2,030

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$1,567

Monthly Tax

$362

Monthly Insurance

$101

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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