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505 TX-173 - Minchew 5 Unit Apartment Building Offered at $450,000 Hondo, TX 78861
Executive Summary
Income-producing property featuring five rentable sites situated on approximately 0.89 acres with prime frontage along State Highway 173. The property includes a 3-bedroom, 2-bath site-built home (approx. 1,322 SF), a 3-bedroom, 2-bath mobile home (approx. 1,456 SF), and three additional RV/lot rental sites. Currently, all of the five sites are leased, generating immediate cash flow. Three separate electric meters are in place. Each site has sewer clean-out access and water hookups. Two water meters serve the property. Corner location provides excellent access from Highway 173 plus a secondary road. Conveniently located with quick access to Highway 90, shopping, and nearby growth corridors. Ideal for investors seeking diversified rental income with strong visibility and long-term upside. Buyer to verify income, leases, utilities, and measurements.
Property Facts
| Price | $450,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $90,000 | Building Size | 2,778 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.3 | No. Stories | 1 |
| No. Units | 5 | Year Built | 1974 |
| Property Type | Multifamily | ||
| Zoning | OCL - OCL | ||
| Price | $450,000 |
| Price Per Unit | $90,000 |
| Sale Type | Investment |
| Gross Rent Multiplier | 10.3 |
| No. Units | 5 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| Building Size | 2,778 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1974 |
| Zoning | OCL - OCL |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $249,320 | |
| Land Assessment | $23,100 | Total Assessment | $272,420 |
Property Taxes
Parcel Numbers
Land Assessment
$23,100
Improvements Assessment
$249,320
Total Assessment
$272,420
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505 TX-173 - Minchew
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