Investment Income
As stated by the seller. Cap rate is NOI ÷ asking price. Verify all figures before buying.
About This Property
Owner financing is available with 25% down. Contact the listing agent for the other terms. A turnkey investment property with four cabins of about 450 sq ft each, all rented out and equipped with a fridge and range. Each cabin has two main rooms: a kitchen and living room, and a bedroom with a full bath. They are all electric, heated and cooled with energy-efficient mini splits, and one cabin was recently revamped. The cabins are about 10 years old and have had updates since. You could live in one unit and keep renting the other three, and there is room to build more units on the property. The landlord pays water, sewer and garbage and handles lawn care. Close to the heart of Lometa and not far from the school.
Location
301 E Cedar St, Lometa, TX 76853
Owner Finance Terms
Owner finance agreements are subject to state and local laws. Always consult a licensed real estate attorney in TX before signing any agreement.
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