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$265,000
Est. payment /mo
5 Beds
5 Baths
725 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family (2-8 Units)
Listing Status Active
Purchase Type For Sale
Square Footage 725 sqft
Price per Sqft $365
Subdivision Uvalde Estates
MLS Listing ID 1953778
Style One Story
Bedrooms 5
Full Baths 5
Annual Tax Amount $2,158
Lot Size 5.230 Acres
Property Sub-Type Multi-Family (2-8 Units)
Property Description
This 5.23-acre income producing property in Uvalde Estates offers a rare combination of cash flow, flexibility, and future upside just outside the city limits of Uvalde with convenient access off Highway 83. The property is serviced by a private well, avoiding reliance on the Windmill water system, and is equipped with two septic systems and three separate electric meters, allowing each unit to operate independently. Improvements include three currently leased residences: a two bedroom, two bath mobile home with a large covered porch renting for $750 per month, a second two bedroom, two bath unit also renting for $750 per month, and a one bedroom, one bath cabin renting for $600 per month. The property generates approximately $25,200 in annual gross income with low taxes, insurance, and operating expenses totaling just over $6,000, resulting in an estimated net income near $19,000 per year. Only about one-third of the acreage is currently utilized, leaving significant room for expansion with additional rental units, mobile homes, or RV development. With no restrictions and no HOA, the property also offers potential for commercial or industrial use. Located approximately three miles south of Uvalde, this property provides a quiet country setting with convenient proximity to town for shopping, dining, and everyday needs.
Location
State TX
County Uvalde
Area 3100
Direction S
Interior
Heating Window Unit
Cooling Window/Wall
Flooring Other
Exterior
Exterior Feature Siding
Garage Spaces 12.0
Roof Type Composition
Building
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
Nearby Locations
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