100 County Road 394
Mathis, TX 78368

Description

TALK ABOUT AN INVESTOR'S DREAM!!! THIS PROPERTY HAS 5 WELL MAINTAINED RENTAL HOMES NESTLED ON 1.618 RURAL ACRES LOCATED BETWEEN MATHIS AND SWINNEY SWITCH. THE GOOD NEWS IS THAT ALL THE HOMES ARE RENTED. ONE OF THE TENANTS HAS BEEN THERE 8 YEARS!! THERE IS PLENTY OF OUTDOOR SPACE FOR ALL TO ENJOY! THE HOMES RANGE IN AGE FROM 4 TO 11 YEARS AND VARY IN SQUARE FOOTAGE AS FOLLOWS: 260.28; 333; 888; 930.24 & 984.15. EACH HOME IS DIFFERENT AND HAS IT'S OWN UNIQUE CHARM AND UPDATED KITCHENS AND BATHROOMS. THEY ALL HAVE COVERED CARPORTS AND SOME HAVE PATIOS. SELLERS REVIEW PROPERTIES PERIODICALLY AND DO REPAIRS IN A TIMELY FASHION TO AVOID DEFERRED MAINTENANCE. IF ONE IS LOOKING FOR AN OPPORTUNITY TO INVEST IN INCOME PRODUCING PROPERTY THIS IS A GOOD ONE! THE VACANCY RATE IS VERY EXTREMELY LOW AND EXPENSES ARE LOW. THE MONTHLY INCOME FROM THESE PROPERTIES IS $4,070.. 2 HOMES ARE 2BR/2BA, 1 IS 2BR/1.5BA AND 2 ARE 1BR/1BA. INVEST IN THIS PROPERTY AND CREATE YOUR OWN RETIREMENT!!

Details

MLS#339725
StyleHouse
Sub-TypeResale
StatusActive
Year2008
Days On Site161

Features

Bed(s)7
Bath(s) 6 Full, 1 Half
SQ Feet3,396
Car PortYes
Story(s)1
Acreage1.61

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Area Information

StateTX
CountyLive Oak County
CityMathis
Zip Code78368
AreaLive Oak County
Community NameMathis Acres
School DistrictMathis ISD
Elementary SchoolMathis
Middle SchoolMathis
High SchoolMathis
Listing VS Median (in Mathis Acres)
Price:
$295,000
low | high
Med:
$295,000
50% of Average
SqFt:
3,396
low | high
Med:
3,396
50% of Average
$ / SqFt:
$87
low | high
Med:
$87
50% of Average
On Site:
161
low | high
Med:
161
100% of Average
Listing Updated: 07/16/2019
MLS Number: 339725
Listing Provided By:
Linda Barnes  of  Lloyd Barnes Real Estate Team