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$250,000
Est. payment /mo
5 Beds
3 Baths
5 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family (2-8 Units)
Listing Status Active
Purchase Type For Sale
Subdivision Uvalde Estate #2
MLS Listing ID 1952982
Style One Story
Bedrooms 5
Full Baths 3
Annual Tax Amount $1,331
Lot Size 5.000 Acres
Property Sub-Type Multi-Family (2-8 Units)
Property Description
Income-producing three-unit property situated on 5 acres in Uvalde Estates just outside the city limits, offering the benefit of lower property taxes and a quiet country setting. The property features two fully furnished park model homes, each offering two bedrooms and one bathroom and currently rented at $1,000 per month, along with a fully furnished one bedroom, one bathroom fifth wheel RV rented at $800 per month. All three units are tenant occupied with utilities included in the rent. Improvements include two water meters on a public water supply system, two electrical meters, and two independent septic systems supporting the setup. The property is fully fenced with two entrances for convenient access. Additional features include three on-site storage sheds available for additional rental income and a large metal storage container housing maintenance equipment for property upkeep. With approximately $33,000 in gross annual income and over $20,000 net after expenses, this property provides strong cash flow. There is ample space for future expansion, allowing for additional units to further increase income potential. Demand for rentals in this price range remains consistent, particularly for tenants seeking a private setting with minimal neighbors and no restrictions.
Location
State TX
County Uvalde
Area 3200
Interior
Heating Other
Cooling 3+ Window/Wall
Flooring Linoleum
Exterior
Exterior Feature Siding
Garage Spaces 6.0
Roof Type Composition
Building
Foundation Other
Sewer Septic
Schools
Elementary Schools Uvalde
Middle Schools Uvalde
High Schools Uvalde
School District Uvalde Cisd
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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Listed by Gene Evans • eXp Realty • (830) 486-9682
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