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$419,900
Listing Price--beds
2baths
1,322sqft
20,125sqft lot
505 State Highway 173 N, Hondo, TX 78861
Member Features
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Full foreclosure details
Home value, equity and ownership info
Find homes priced below market
Get full access with a FREE Account
Already a member?
For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
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.
Interior Details
1322
N/A
2
Has Heating:
Yes
Heating Type:
Central
Has Cooling:
Yes
Cooling Type:
Central
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
Tile (unspecified)
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
20125
No
No
Type:
Garage, Attached
Location:
N/A
Status:
N/A
Number of Spaces:
2
No
No
No
No
Yes
No
No
Construction Details
N/A
Wood Siding
N/A
Gable
Asphalt
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2019
$1,951
$11,550
$83,640
--%
$95,190
2019
$1,951
$11,550
$81,710
--%
$93,260
2017
$1,947
$10,000
$81,710
--%
$91,710
2017
$1,947
$10,000
$81,710
--%
$91,710
2016
$1,467
$10,000
$58,790
--%
$68,790




