1400 Avenue, Hondo, TX 78861

Property Details for 1400 Avenue

Lot size

0.29 lot acres

Property type

Residential income homes

Description

This exceptional investment opportunity encompasses three separate income-producing properties located in Hondo and D'Hanis, Texas. The portfolio includes a total of 17 rental units spread across three locations: 3002 Ave E, 1400 Ave W (both in Hondo), and 521 FM 2200 S in D'Hanis. The properties boast a combined square footage of 7,976 and sit on lots ranging from 0.29 to 1.43 acres. Built between 1971 and 1999, these Class B properties are currently 100% occupied (except for the D'Hanis property, which has 88% occupancy). 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 of $123,000. Lease terms vary, with most units on multi-month leases, but the owner has a 45-day termination option on all. The Hondo properties are not located in a flood zone. All properties benefit from excellent locations, with paved road frontage, and are served by public utilities (electric, water, and sewer). Sufficient parking is available for all units, though it is uncovered. 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. Zoning is Multi Single Family & Single Family Residential.

Location Insight

City

Hondo

County

Medina

State

Texas

Longitude

-99.152650549921

Latitude

29.351108759402