505 State Highway 173, Hondo, TX 78861
- $419,900
- 3
- BD
- 2
- BA
- 1,322
- SqFt
- List Price
- $419,900
- Price Change
- ▼ $15,100 1788223669
- MLS#
- 1932404
- Status
- ACTIVE
- County
- Medina
- City
- Hondo
- Subdivision
- Lazy Acres
- Bedrooms
- 3
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 1,322
- Acres
- 0.89
Property Description
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.
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Additional Information
- Days on Market
- 245
- Year Built
- 1974
- Style
- One Story
- Stories
- 1
- Builder Name
- Unk
- Lot Description
- Corner, 1/2-1 Acre, Mature Trees (ext feat), Level
- Interior Features
- Washer Connection, Dryer Connection
- Master Bdr Desc
- Full Bath
- Fireplace Description
- Not Applicable
- Cooling
- One Central
- Heating
- Central
- Exterior Features
- Privacy Fence, Mature Trees, Other - See Remarks
- Exterior
- Brick, Siding
- Roof
- Composition
- Floor
- Other
- Pool Description
- None
- Parking
- One Car Garage, Attached
- School District
- Hondo I.S.D.
- Elementary School
- Hondo
- Middle School
- Hondo
- High School
- Hondo
Mortgage Calculator
Listing courtesy of Listing Agent: Kari Menchaca (kari@galmrealestate.net) from Listing Office: Galm Real Estate, LLC.
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability. 
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