106 S Arroyo Boulevard, Rio Hondo, TX 78583
- $280,000
- 552
- SqFt
- List Price
- $280,000
- Price Change
- ▼ $15,000 1785028137
- Status
- ACTIVE
- MLS#
- 501668
- Living Area
- 552
- Lot Size (Acres)
- 0.28700000000000003
- Year Built
- 1990
Property Description
Great opportunity to own a waterfront, grand-fathered, income-producing property in Rio Hondo. This unique setup includes a mix of cabins, mobile homes, RV rentals, and pad sites, creating multiple streams of income within one property. It’s already cash flowing with tenants in place, while still offering room to grow. City is not granting RV permits for this location anymore. The property sits in a quiet, laid-back area near the water, that can be upgraded seeking long-term renters as well as seasonal tenants or Airbnb looking for a more relaxed environment. With limited rental options in Rio Hondo, demand has remained steady. There is clear upside for the next owner—whether through increasing rents, leasing out additional spaces, adding more units, or updating existing ones to maximize returns. If you’re looking for something a little different from the typical multifamily property, this offers income today with the flexibility to expand and improve over time.
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Additional Information
- Area
- Rio Hondo
- Subdivision
- Rio Hondo Original Townsite
- Stories
- 1
- Interior Features
- Other
- Exterior Features
- Mature Trees, Other
- Amenities
- None
- Exterior Features
- Mature Trees, Other
- School District
- Rio Hondo ISD
- Elementary School
- Rio Hondo
- Middle School
- Rio Hondo Junior High
- High School
- Rio Hondo H.S.
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Listing courtesy of Re/Max Elite.