890 Fm 755 Encino, TX 78353
This exceptional 51.2-acre property in Encino, Texas, presents a unique investment opportunity. Located at 890 FM 755, Brooks County, zip code 78353 (latitude 26.8902658, longitude -98.2019589), this land boasts two separate legal descriptions, adding to its versatility. A key feature is a small pond, situated north of a windmill, which fills during heavy rainfall. While the windmill is currently non-functional, a water well (180-200 feet deep) provides water suitable for livestock and wildlife. The windmill, according to the seller, pumps water suitable for pasture, the pond, and cattle. This property is ideally suited as a weekend retreat, conveniently located just 45 minutes from downtown Edinburg. Currently leased to a tenant who harvests two whitetail bucks annually and uses the land for recreation. The land is rich in native vegetation, including mesquite, ebony, and Encino trees, along with cactus, Chapparo Prieto, retama, and huisache. The asking price for this remarkable property is $475,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.