505 State Highway 173

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.

Price

$419,900

Beds / baths

3 / 2.0

Living area

1,322 sq ft

Property type

Single-family

Year built

-

Lot

0.892

Subdivision

LAZY ACRES

School district

Hondo ISD

County

Medina

Status

Price change

MLS #

1932404

Est. payment

$3,330/mo (10% down, 6.25%, taxes & insurance)

Listing data comes from our MLS feed and is refreshed weekly. Measurements and school assignments should be verified independently.

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