21149 Ih 37SElmendorf, TX

Exceptional investment opportunity in Elmendorf, Texas. This expansive 10.2-acre property boasts four manufactured homes totaling approximately 4,350 square feet of living space. The property is fully pipe fenced with two decorative wrought iron gated entries, conveniently located off a shared 30-foot-wide ingress/egress road near the intersection of IH-37 and Loop 1604 S. The homes offer a mix of sizes and features: one 1232 sq ft home built in 2002 with 3 bedrooms and 2 bathrooms, another 1216 sq ft home built in 1995 with 3 bedrooms and 2 bathrooms, and two newer homes built in 2024, each with 3 bedrooms and 2 bathrooms, measuring 1038 sq ft and 920 sq ft respectively. Each home has its own unique utility setup, with some sharing water and electric meters and septic systems, while others have separate meters. Additional water meters are available from SAWS Water Co., and CPS provides electricity. Currently generating a substantial monthly income of $4,200 ($50,400 annually) from rental income, this property presents significant potential for further development. An additional approximately 400 square foot building on the site could be converted into an office or additional rental unit. The property benefits from a low 1.9% tax rate and is free from city taxes and restrictions. Yearly taxes for the land and two of the homes are approximately $3,720