3002 Ave Q Q Hondo, TX 78861-3422

Property Details for 3002 Ave Q Q

Year built

1974

Lot size

1.97 lot acres

Property size

24,912 SF

Property type

Commercial real estate

APN

8473

APU

8473

Description

This exceptional investment opportunity encompasses three income-producing properties in Hondo and D'Hanis, Texas. The portfolio includes a total of 17 rental units spread across three buildings, totaling 7,976 square feet on approximately 2.04 acres of land. Two properties are located in Hondo, situated on 0.32 and 0.29 acres respectively, both conveniently located on paved city streets. The third property, situated on 1.43 acres, is located in D'Hanis, Texas, fronting paved FM 2200. Built between 1971 and 1999, these Class B apartment buildings boast a current occupancy rate of 100% for the Hondo locations and 88% for the D'Hanis location. The properties are zoned for multi-family and single-family residential use and are served by public utilities (electric, water, and sewer). Sufficient uncovered parking is available for all units. The seller reports an approximate annual gross income of $153,000 and gross operating expenses of approximately $30,000, resulting in a net operating income of approximately $123,000. Detailed rent rolls are available upon request. The Hondo properties are not located in a flood zone. This package presents a compelling opportunity for investors seeking a strong return on investment in a stable market. This is a For Sale By Owner listing.

Location Insight

City

Hondo

County

Medina

State

Texas

Longitude

-99.1467

Latitude

29.3364

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments