505 State Highway 173, Hondo, TX 78861
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Priced at Only: $450,000
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Address: 505 State Highway 173, Hondo, TX 78861
Property Location and Similar Properties
- MLS#: 1932404 ( Single Residential )
- Street Address: 505 State Highway 173
- Viewed: 4
- Price: $450,000
- Price sqft: $340
- Waterfront: No
- Year Built: 1974
- Bldg sqft: 1322
- Bedrooms: 3
- Total Baths: 2
- Full Baths: 2
- Garage / Parking Spaces: 1
- Days On Market: 3
- Additional Information
- County: MEDINA
- City: Hondo
- Zipcode: 78861
- Subdivision: Lazy Acres
- District: Hondo I.S.D.
- Elementary School: Hondo
- Middle School: Hondo
- High School: Hondo
- Provided by: Galm Real Estate, LLC
- Contact: Kari Menchaca
- (830) 931-0900

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DescriptionIncome 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.
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- Home Insurance $
- HOA Fees $
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Features
Building and Construction
- Apprx Age: 52
- Builder Name: Unk
- Construction: Pre-Owned
- Exterior Features: Brick, Siding
- Floor: Other
- Foundation: Slab, Other
- Kitchen Length: 12
- Other Structures: Mobile Home, Other, Outbuilding, RV/Boat Storage, Shed(s)
- Roof: Composition
- Source Sqft: Appsl Dist
Land Information
- Lot Description: Corner, 1/2-1 Acre, Mature Trees (ext feat), Level
- Lot Improvements: Street Paved, Fire Hydrant w/in 500', State Highway, Interstate Hwy - 1 Mile or less
School Information
- Elementary School: Hondo
- High School: Hondo
- Middle School: Hondo
- School District: Hondo I.S.D.
Garage and Parking
- Garage Parking: One Car Garage, Attached
Eco-Communities
- Water/Sewer: Water System, Septic
Utilities
- Air Conditioning: One Central
- Fireplace: Not Applicable
- Heating Fuel: Propane Owned
- Heating: Central
- Utility Supplier Elec: Medina
- Utility Supplier Sewer: Private
- Utility Supplier Water: City
- Window Coverings: None Remain
Amenities
- Neighborhood Amenities: None
Finance and Tax Information
- Home Owners Association Mandatory: None
- Total Tax: 4783
Rental Information
- Currently Being Leased: Yes
Other Features
- Contract: Exclusive Right To Sell
- Instdir: From HWY 90 take 173 N, Property on left side and sign on property.
- Interior Features: One Living Area, 1st Floor Lvl/No Steps
- Legal Description: Lazy Acres Lot 8 & 9; Label# Tex0510750
- Miscellaneous: Investor Potential, As-Is
- Occupancy: Tenant
- Ph To Show: 830.931.0900
- Possession: Closing/Funding, Current Lease Agreement
- Style: One Story
Owner Information
- Owner Lrealreb: No
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