Maximize your portfolio with this potential high-yield, triple-income investment property in Santo, Texas. Uniquely positioned for positive cash-flow, this expansive 6.956-acre property features three distinct homes that combine for a total of 8 bedrooms, 5 bathrooms, and 4,342 square feet of rentable living space. This is the ultimate value-add BRRRR project or equity-builder for a seasoned investor while all three homes require repairs and a renovation budget, the seller is highly motivated. Whether you are looking to do a full cosmetic overhaul, tackle structural updates, or execute a staggered renovation while living on-site, this property offers a blank canvas to build substantial equity. Investors will love the hassle-free logistical setup, a common entrance provides easy access, but utilities are completely independent for each dwelling. The property's housing mix includes A spacious 2,118 sq. ft. Solitaire double-wide (3 Bed 2 Bath). A 1,216 sq. ft. single-wide mobile home (3 Bed 2 Bath), providing an in-demand, family-friendly layout that requires repairs but could have an exceptional dollar-per-square-foot rental return once brought up to market standards. The Detached House A rustic 1,008 sq. ft. traditional single-family residence (2 Bed 1 Bath) built in 1910, offering a completely independent, site-built historic structure. Bring your tools, and your investment vision, this is a rare opportunity to purchase from a motivated seller, force potential immediate appreciation through rehab, and scale your portfolio with a potential high-cap-rate asset. Seller is in the midst relocating so homes are cluttered.
Buyer to verify all information independently.
Property Details
- Interior
- Open Floorplan
- Fireplaces
- 1
- Cooling
- 1
- Heating
- Electric
- Cooling Features
- Electric
- Bedrooms
- 8
- Bathrooms
- 5.0
- Full Baths
- 5
- Lot Features
- Acreage, Backs To Greenbelt Park, Few Trees
- Lot Description
- Acreage, Backs To Greenbelt Park, Few Trees
- Acres
- 0.0
- Lot Size (sqft)
- 6.956
- Parking Features
- Common
- Parking Spaces
- 6.0
- Property Type
- Multi-Family
- Year Built
- 2001
- Foundation
- Pillar Post Pier
- Roof
- Composition
- Sewer Information
- Septic Tank
- Utility Source
- Community Coop
- Utility Features
- Electricity Connected, Septic Available, Water Available
- Appliances
- Electric Oven, Electric Water Heater
- Subdivision
- na
- School District
- Santo ISD
- Elementary School
- Santo
- Middle School
- Santo
- High School
- Santo
- County
- Palo Pinto
- Region
- Santo
- Days on Market (Cumulative)
- 5
- Taxes Annual
- $2,828
Location
Legal
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Provided By
Listed by Marty Logan (#0587020)
Listing Office: SOURCE 1 REAL ESTATE (#UCCA01WF)
