505 STATE HIGHWAY 173, HONDO, TX 78861
Homes for sale in Hondo.
Homes for sale in 78861.
List Price$435,000
505 State Highway 173
Hondo, TX 78861
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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