0 Ave Y, Hondo, TX

Listing agent Enon Winkler

Listing office OtherStreet Advisors Show Phone

Listing date Apr 24, 2025

Source Moodyscre

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Overview

Two communities in close proximity feature direct billed public utilities. There is an immediate infill upside opportunity with forty-one vacant lots to be filled. The opportunity exists to achieve a total operating income of $800,861 by year five, with the potential to achieve a cash-on-cash return of 17.11% over a five-year holding period. Twelve homes are not included in the sale of the communities but are available for an additional price of $900,000. If unsold, the Seller will pay lot rent under a long term lease agreement.

Map

City

Hondo

County

Medina

State

Texas

Longitude

-99.1486

Latitude

29.3565

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FAQs

What type of property is this?

Land - Two communities with infill upside and income potential.

Where is this land located?

The property is located at 0 Ave Y Hondo, TX.

What is the asking price?

The asking price for this property is $3,350,000.

What are key features of this property?

This property features: Immediate infill upside opportunity with **forty‑one vacant lots**.; Opportunity to achieve a **total operating income of $800,861 by year five**.; Potential to achieve a **cash‑on‑cash return of 17.11% over a five‑year holding period**.