Sue Milam Reed, Broker Associate
BEDS3
BATHS2 full
SQUARE FEET1,322
MLS#1932404
STATUSPrice Change
PROPERTY TYPEResidential - Single Family
SUBDIVISIONLAZY ACRES
SCHOOLHondo ISD
Property Description
Income-producing property featuring five rentable sites situated on approximately 0.89 acres with prime frontage along State Highway 173. The property includes a 3-bedroom, 2-bath site-built home (approx. 1,322 SF), a 3-bedroom, 2-bath mobile home (approx. 1,456 SF), and three additional RV/lot rental sites. Currently, all of the five sites are leased, generating immediate cash flow. Three separate electric meters are in place. Each site has sewer clean-out access and water hookups. Two water meters serve the property. Corner location provides excellent access from Highway 173 plus a secondary road. Conveniently located with quick access to Highway 90, shopping, and nearby growth corridors. Ideal for investors seeking diversified rental income with strong visibility and long-term upside. Buyer to verify income, leases, utilities, and measurements.
Property Features
Property Type: Residential - Single Family
Cooling: One Central
Fenced: Yes
Fuel Type: Propane Owned
Heating: Central
Home Style: One Story
Lot Size: 0.89 Acres
Roof Type: Composition
Stories: 1.0
Taxes: $4,783
Year Built: 1974
Feature Descriptions
Builder Name: Unk
Currenty Leased: Yes
Days on Site: 57
Exterior: Privacy Fence, Mature Trees, Other - See Remarks
Exterior: Brick, Siding
Flooring: Other
Foundation: Slab, Other
HOA Mandatory: No
Improvements: Street Paved, Fire Hydrant w/in 500,State Highway, Interstate Hwy - 1 Mile or less
Inclusions: Washer Connection, Dryer Connection
Interior: One Living Area,1st Floor Lvl/No Steps
Lot: Corner,1/2-1 Acre, Mature Trees (ext feat), Level
Miscellaneous: Investor Potential, As-Is
Neighborhood Amenities: None
Parking: One Car Garage, Attached
Pool/Spa: None
Supplier - Electric: Medina
Supplier - Sewer: Private
Supplier - Water: City
Tax By Multiple Counties: No
Type: Single Family Detached
Water/Sewer: Water System, Septic
Windows: None Remain
Room Sizes
Bedroom 2: 10 X 10
Bedroom 3: 11 X 11
Kitchen: 12 X 13
Living Room: 15 X 16
Local Schools
High School: Hondo
Middle School: Hondo
Elementary School: Hondo
School District: Hondo ISD
Listed By / Shown By
Listed By
Agency Name: Galm Real Estate, LLC
Agency Phone: (830) 931-0900
Shown By
Agent Name: Sue Milam Reed, Broker Associate
Agent Phone: (254) 744-3364
Agency Title: Kelly, Realtors
Agency Email: info@kellyrealtors.com
Agency Text: (254) 717-6447
Estimate Your Payment
Estimated Payment
$ 1,493.58 per month $968.12 Principal & Interest $398.58 Property Tax $126.88 Homeowner's InsuranceChange Payment Information
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505 State Highway 173 | MLS# 1932404
This single family home located at 505 State Highway 173, Hondo, TX 78861 is currently listed for sale with an asking price of $435,000. This property was built in 1974 and has 3 bedrooms and 2 full baths with 1322 sq. ft. State Highway 173 is located in the LAZY ACRES subdivision within the Hondo ISD school district. Search LAZY ACRES real estate on suemilamreed.kellyrealtors.com today.