Fantastic opportunity for a cash flowing multifamily property located in Rio Hondo TX. This property has 5 income producing buildings-4 freestanding homes and 1 five-plex. The five-plex has two units that have been recently remodeled. The brown house was built in 1992 and has 1312 SF Living. The front house is a 3 bd/2 bth home built in 1980 with 1056 s.f. The middle house is a 3 bd/2 bth home with 1536 s.f., built in 1980. The back house is a 3 bd/1 bth home with 1073 s.f. built in 1970. The 5-plex on the property is 3,776 s.f. built in 1990 and is made up of three units down stairs & two units upstairs. Each Building has its own septic system.
Fantastic opportunity for a cash flowing multifamily property located in Rio Hondo TX. This property has 5 income producing buildings-4 freestanding homes and 1 five-plex. The five-plex has two units that have been recently remodeled. The brown house was built in 1992 and has 1312 SF Living. The front house is a 3 bd/2 bth home built in 1980 with 1056 s.f. The middle house is a 3 bd/2 bth home with 1536 s.f., built in 1980. The back house is a 3 bd/1 bth home with 1073 s.f. built in 1970. The 5-plex on the property is 3,776 s.f. built in 1990 and is made up of three units down stairs & two units upstairs. Each Building has its own septic system.
The median home value in Rio Hondo, TX is $106,800. This is higher than the county median home value of $97,500. The national median home value is $219,700. The average price of homes sold in Rio Hondo, TX is $106,800. Approximately 58.81% of Rio Hondo homes are owned, compared to 27.25% rented, while 13.95% are vacant. Rio Hondo real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Rio Hondo real estate agent to arrange a tour today!
Rio Hondo, Texas has a population of 2,538. Rio Hondo is less family-centric than the surrounding county with 21.68% of the households containing married families with children. The county average for households married with children is 36.55%.
The median household income in Rio Hondo, Texas is $36,696. The median household income for the surrounding county is $36,095 compared to the national median of $57,652. The median age of people living in Rio Hondo is 45.6 years.
The average high temperature in July is 95.1 degrees, with an average low temperature in January of 49.5 degrees. The average rainfall is approximately 26.1 inches per year, with 0.1 inches of snow per year.