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Property Details:

County or Parish
Palo Pinto
Lot Size
10 to < 50 Acres
Lot Size (Acres)
17.2810
Lot Size Area
17.2810
Lot Size (Square Feet)
752760.3600
Association Type
None

School Information:

School District
Mineral Wells ISD
Elementary School
Houston
Middle School
Mineralwel
High School
Mineralwel

Interior Information:

Appliances
Dishwasher,Electric Cooktop,Electric Oven
Heating
Central,Electric
Cooling
Central Air,Electric
Fireplaces Total
0
Flooring
Carpet,Luxury Vinyl Plank
Interior Features
Cable TV Available,Open Floorplan

Exterior Information:

Lot Features
Acreage,Agricultural,Cleared,Few Trees,Many Trees,Tank/ Pond
Lot Size
10 to < 50 Acres
Acres
17.2810
Patio and Porch Features
Covered
Pool
Yes
Pool Features
In Ground,Outdoor Pool
Waterfront
No
Exterior Features
Covered Patio/Porch,RV/Boat Parking

Farm and Ranch Info:

Barns Count
0
Number of Tanks and Ponds
2
Number of Wells
1

Map

Flood information: FEMA National Flood Hazard Layer (NFHL). Coverage varies; no shading does not mean no flood risk. This map is informational, not an official flood determination for insurance or lending. Verify current maps at the FEMA Map Service Center.

MLS 21417432

435 Gene Lee Road

Mineral Wells, Texas
$860,000
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Type: Residential
Beds: 3 Baths: 2.00 Living: 1 Dining: 1
Gar: 5 Gar LxW: 40 x 30 SqFt: 1,349 Year Built: 2008
Remarks: Income-Producing Property with Room to Grow! Explore the income potential of this versatile 17.281-acre property, featuring an ag exemption, two ponds, cross-fencing, a private well, and multiple income-producing assets, including three apartments, an 8,000-square-foot shop, and RV storage with covered and uncovered spaces. The property includes a 3-bedroom, 2-bathroom, 1,302-square-foot manufactured home with an in-ground pool, carport, a 30-by-40-foot insulated shop, and an additional 750-square-foot shop. The manufactured home, pool, and smaller shops are owner-occupied, but estimated rent potential is around $2,500 per month. A separate, approximately 8,000-square-foot insulated and conditioned shop includes two bathrooms and offers potential for commercial use, with estimated potential rent of $3,500 per month. The apartment area includes two 2-bedroom units and one 1-bedroom unit. Both 2 bed units are rented at $1,350 per month, and the 1-bedroom apartment is leased for $1,250 per month. RV storage provides another income stream, with 24 uncovered spaces offered for $50 per month and 18 covered spaces offered for $85 per month. With the manufactured home, large shop, all three apartments, and all RV spaces rented at the stated rates, this property has the potential to generate over $12,000 per month in gross rental income before expenses, vacancy, and other costs! There’s also potential to expand income by converting covered RV spaces into apartments or adding tiny homes, subject to feasibility and applicable approvals. A unique opportunity to combine acreage, existing rental income, and multiple avenues for future growth. Rental figures and income projections are estimates and should be independently verified. There are several different gated entry points that provide individual access to the different sections of the property.
Active
Listed by: Keaton Vaughn
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Tony C Hager

Tony C Hager

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