Rental Property with On-Site
For Sale
$699,000
4588 State Highway 110, Grand Saline, TX 75140
Seven tenant-occupied homes on expansive grounds, supported by an on-site chapel and outdoor event amenities for flexible rental and hosting.
Property SizeContact for details
Days on Market142
Property Features for 4588 State Highway 110
General Information
Standard status
Active
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$19,093
Listing Agency:
Norris Real Estate
(903) 371-6110
Listed By:
Daniel Shipman · License #785224
(903) 371-6110
Source:
Exprealty
Added: Apr 10
Changed: Aug 22
Last Checked: Aug 29 at 12:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Norris Real Estate
Investment Insights
Based on property information with market context.
The Venue at Three Points is a turnkey, multi-home property set on expansive grounds, currently configured as seven separate homes. Each home is presented with its own character and style, and all seven are currently tenant-occupied. The property also includes on-site amenities designed for gatherings, including a covered gazebo for outdoor events and a children’s playground. An on-site chapel is available for weddings and special occasions, supporting both residential rental and event use.
The property is located at 4588 State Highway 110 in Grand Saline, Texas. The public remarks note that it is a short drive from First Monday Trade Days in Canton, as well as Grand Saline, Van, and Mineola. Access is provided via State Highway 110.
For buyers seeking a single ownership that can accommodate multiple income and use scenarios, this property combines long-term residential rentals with an event-capable setting. The remarks state the homes are generating $9,300 per month, with reported additional chapel rental potential up to $11,050. Whether you are underwriting as a multi-unit rental portfolio, planning an expanded event-hosting approach, or considering a private retreat concept, the on-site homes plus event amenities and chapel provide a flexible starting point.
The property is located at 4588 State Highway 110 in Grand Saline, Texas. The public remarks note that it is a short drive from First Monday Trade Days in Canton, as well as Grand Saline, Van, and Mineola. Access is provided via State Highway 110.
For buyers seeking a single ownership that can accommodate multiple income and use scenarios, this property combines long-term residential rentals with an event-capable setting. The remarks state the homes are generating $9,300 per month, with reported additional chapel rental potential up to $11,050. Whether you are underwriting as a multi-unit rental portfolio, planning an expanded event-hosting approach, or considering a private retreat concept, the on-site homes plus event amenities and chapel provide a flexible starting point.
Key Highlights
- Seven tenant‑occupied homes generate $9,300/month, with income reported up to $11,050/month with chapel rental.
- On‑site chapel suitable for weddings and special occasions, supporting additional rental income.
- Covered gazebo for outdoor gatherings and events on expansive grounds.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 75140, TX
7,538
Population
3,436
Households
2.2
Avg Household Size
42
Median Age
15%
College-Educated
76%
High-School Grad
116.2 sq mi
ZIP Area
65
Density / Sq Mi
$53,512
Median Household Income
$33,765
Median Earnings
$957
Median Rent
$131,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Seven tenant-occupied homes on expansive grounds, supported by an on-site chapel and outdoor event amenities for flexible rental and hosting.
Where is this short term rental property located?
The property is located at 4588 State Highway 110 Grand Saline, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Seven tenant‑occupied homes generate $9,300/month, with income reported up to $11,050/month with chapel rental.; On‑site chapel suitable for weddings and special occasions, supporting additional rental income.; Covered gazebo for outdoor gatherings and events on expansive grounds.
