TX > Hondo > Lazy Acres
Hondo, TX 78861,505 State Highway 173
Hondo, TX 78861,505 State Highway 173
Hondo, TX 78861,505 State Highway 173
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Crystal Garza

Crystal Garza

+1(726) 400-6725
$450,000
Est. payment /mo
3 Beds
2 Baths
1,322 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Residential

Listing Status Active

Purchase Type For Sale

Square Footage 1,322 sqft

Price per Sqft $340

Subdivision Lazy Acres

MLS Listing ID 1932404

Style One Story

Bedrooms 3

Full Baths 2

Construction Status Pre-Owned

HOA Y/N No

Year Built 1974

Annual Tax Amount $4,783

Tax Year 2025

Lot Size 0.892 Acres

Property Sub-Type Single Residential

Property Description

Income-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.

Location

State TX

County Medina

Area 3000

Rooms

Master Bathroom Main Level 7X8 Tub/Shower Combo

Master Bedroom Main Level 13X12 Full Bath

Bedroom 2 Main Level 10X10

Bedroom 3 Main Level 11X11

Living Room Main Level 15X16

Kitchen Main Level 12X13

Interior

Heating Central

Cooling One Central

Flooring Other

Inclusions Washer Connection, Dryer Connection

Heat Source Propane Owned

Exterior

Exterior Feature Privacy Fence, Mature Trees, Other - See Remarks

Parking Features One Car Garage, Attached

Pool None

Amenities Available None

Roof Type Composition

Private Pool N

Building

Lot Description Corner, 1/2-1 Acre, Mature Trees (ext feat), Level

Foundation Slab, Other

Sewer Septic

Water Water System

Construction Status Pre-Owned

Schools

Elementary Schools Hondo

Middle Schools Hondo

High Schools Hondo

School District Hondo I.S.D.

Others

Miscellaneous Investor Potential,As-Is

Acceptable Financing Conventional, Cash, Investors OK

Listing Terms Conventional, Cash, Investors OK

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LERA MLS - Local Expertise Regional Access / SABOR
Listed by Kari Menchaca • Galm Real Estate, LLC • (830) 931-0900

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Crystal Garza

Crystal Garza

+1(726) 400-6725

Agent | License ID: 773792

Agent License ID: 773792

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