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.
Courtesy of Exp Realty
This real estate information comes in part from the Internet Data Exchange/Broker Reciprocity Program. Information is deemed reliable but is not guaranteed.
© 2017 San Antonio Board of Realtors. All rights reserved.
