505 State Highway 173, Hondo, TX 78861
505 State Highway 173, Hondo, TX 78861
505 State Highway 173, Hondo, TX 78861
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$419,900
Est. payment /mo
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3 Beds
2 Baths
1,322 SqFt
Price Dropped by $15K

505 State Highway 173 Hondo, TX 78861

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Jennah Pignataro

Jennah Pignataro

+1(304) 380-4469

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,322 sqft

Price per Sqft $317

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 Family Detached

Property Description

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.

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

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

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Jennah Pignataro

Jennah Pignataro

Agent License ID: 819260

+1(304) 380-4469

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505 State Highway 173