521 Fm 2200 D'Hanis, TX 78850

Property Details for 521 Fm 2200

Lot size

2.04 lot acres

Property size

7,976 SF

Property type

Residential income homes

Description

This exceptional investment opportunity comprises three separate income-producing properties totaling 17 rental units, strategically located in Hondo and D'Hanis, Texas. Two properties are situated in Hondo, one at 3002 Ave E (a corner lot on a paved Farm to Market Road) and another at 1400 Ave W (a corner lot on a paved city street). The third property is located at 521 FM 2200 S in D'Hanis, situated on paved FM 2200 S just outside city limits. The combined portfolio boasts 7,976 square feet across approximately 2.04 acres of land. Built between 1971 and 1999, these properties offer a mix of single-family rental units, currently enjoying 100% occupancy (except for the D'Hanis property, which is at 88% occupancy). The properties are served by public utilities (electric, water, and sewer). The Hondo properties are not located in a flood zone. The owner reports an approximate annual gross income of $153,000 and gross operating expenses of approximately $30,000, resulting in a net operating income (NOI) of $123,000. Lease terms vary, with most units on multi-month leases, and a 45-day lease termination option available. Detailed rent rolls are available upon request. This portfolio presents a compelling opportunity for investors seeking a strong return on investment in a stable market. The properties are zoned for multi-family and single-family residential use and offer sufficient uncovered parking. Lot sizes are approximately 0.32 acres for the Ave E property, 0.29 acres for the Ave W property, and 1.43 acres for the D'Hanis property.

Location Insight

City

D'Hanis

County

Medina

State

Texas

Longitude

-99.2757

Latitude

29.3251