401 Co Rd Santa Anna, TX 76878
This exceptional 154-acre property in Coleman County, Texas, near Santa Anna (76878), presents a unique investment opportunity. The land boasts two existing homes and a well-equipped shop, each conveniently served by rural water. The first home, a charming barndominium, features one bedroom, one bathroom, and a spacious entertainment area perfect for gatherings. A covered porch and pipe fencing complete this comfortable dwelling. The second home, a two-bedroom, one-bathroom house situated on a hilltop, offers stunning views and potential for use as a guest house or rental property with some updates. A substantial shop includes an overhead door, a walk-through door, and ample storage space. A water-holding tank provides a potential fishing pond, surrounded by mature oak trees offering ample shade. The remaining acreage is characterized by mesquite trees and established wildlife trails, attracting deer, turkey, hogs, varmints, and doves. Existing perimeter and cross fencing makes this property ideal for cattle raising. County road frontage adds to the property's accessibility and appeal. The property's versatility makes it suitable for a weekend retreat, hunting lodge, or permanent residence. The 2022 taxes, with an agricultural exemption, were $1110.00. Located approximately 2.25 miles east of the Santa Anna stoplight on Highway 67/84, then north on County Road 104. The asking price is $749,900. The property is unzoned.
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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