505 State Highway 173

Hondo, TX 78861

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.

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.

Features and Additional Information

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$419,900 Price Change
3 Bed(s)
2
Baths
1,322 sqft

Presented By CB StageCoach

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Get in touch today! Phone: 1-830-460-7200
Brokerage
Galm Real Estate, LLC
1-830-931-0900
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Area Information

Medina | Medina County | LAZY ACRES

$ 419,900
This listing is play_arrow 0.0% lower than the average in the area
$ 419,900 in the area
1,322 SqFt
This listing is play_arrow 0.0% smaller than the average in the area
1,322 SqFt in the area
$ 318 $/SqFt
This listing is play_arrow 0.0% less than the average in the area
$ 318 $/SqFt in the area
245 days on site
This listing is play_arrow 0.0% below the average in the area
245 days on site in the area

Schools in the Area

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    Elementary School
    Hondo
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    Middle School
    Hondo
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    High School
    Hondo

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Listed By Kari Menchaca
Brokerage: Galm Real Estate, LLC

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