Hondo & D'Hanis Income Investments 3 Multifamily Properties in Multiple Locations

Outstanding investment opportunity! Three separate income producing properties; two are in Hondo, TX and the third is in D’Hanis, TX. All have historically been 100% occupied. All three are being offered as a package. Annual gross income for all three properties is reported by owner to be approximately $153,000, with a very moderate gross operating expense of approximately $30,000, equating to a N.O.I of $123,000, which will generate an attractive CAP rate for an investor. All three properties have excellent locations, the Ave E property (corner property) fronts on a paved County Road with the city limits of Hondo; the Ave W property (corner property) fronts on a paved City Street within the City of Hondo; and the D’Hanis property fronts on paved FM 2200 just outside the city limits of D’Hanis. All three properties are served by public utilities (electric, water and sewer). No flood zone on Hondo Properties. Call Tad Wooten at 830.931.5231 or 830.931.0900 for more information regarding this opportunity. prospective buyers, if represented, must be accompanied by licensed agent or Broker upon first showing in order for agent or Broker to receive full compensation. Otherwise, compensation to buyer’s agent will be at discretion of listing Broker.
17 Total Rental Units | 3002 Ave E, Hondo TX; 1400 Ave W, Hondo, TX; 521 FM 2200 S, D’Hanis, TX
Lease Options - Any - as desired. Most are currently on multi-month lease terms, but current owner has a 45-day lease termination option on all.
Occupancy - Ave E 100%, Ave W 100% and D’Hanis 88% respectively currently. Rent rolls will be made available.
Zoning - Multi Single Family & Single Family Residential
Parking - Sufficient for all. Parking is not covered.
Lot Sizes: Ave E 0.32 Acs, Ave W 0.29 Acs, and D’Hanis 1.43 Acres +-
No Flood Zone on Hondo Properties