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Jeannette Spinelli

Broker Associate & Founder | Spinelli Residential Group | KW - Austin Portfolio Real Estate

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505 State Highway 173 , Hondo, TX 78861
$419,900
Est. Payment: $2,153.60/mo
3 Bed
2 Bath
1322 Sqft
Status: active | Days on site: 235
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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Jeannette Spinelli
Broker Associate & Founder

House 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.

Highlights

Listed by Kari Menchaca , (830) 931-0900 Galm Real Estate, LLC , (830) 931-0900. LERA MLS - Local Expertise Regional Access mls logo

Property Type

Residential

Lot/Acreage
0.89

Year Built

1974

County

Medina

Area

3000

Neighborhood

Lazy Acres

School District

Hondo I.S.D.

Listing ID

1932404

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Washer Connection, Dryer Connection
Air Cond:One Central
Fireplaces:
Other:
  • Additional:One Living Area, 1st Floor Lvl/No Steps
Water:City

Exterior Features

Lot:Corner,1/2-1 Acre,Mature Trees (ext feat),Level
Roof:Composition
Others:
  • Additional:Privacy Fence, Mature Trees, Other - See Remarks
Sewer:Water System,Septic
Parking Features:One Car Garage,Attached
Principal Interest
$2,154
Taxes
$399

Home Price

$419,900

Loan Details

30 yrs
6.637%

Down Payment

20%
$83,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,153.60

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,153.60 $398.58 $0.00 $2,552.18
Yearly $25,843.18 $4,783.00 $0.00 $30,626.18
Total $775,295.51 $143,490.00 $0.00 $918,785.51

Today's Rates

30 Year

6.64%

20 Year

6.43%

15 Year

5.99%

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Market insight data is pulled from the same city as the listing being viewed (Hondo, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.  The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability.

IDX service by Blueroof 360

Data last updated: 2026-09-03T05:09:42.000Z

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