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.
Rio Hondo is located in Texas. Rio Hondo, Texas has a population of 2,132. Rio Hondo is less family-centric than the surrounding county with 24.3% of the households containing married families with children. The county average for households married with children is 33.52%.
The median household income in Rio Hondo, Texas is $36,579. The median household income for the surrounding county is $43,057 compared to the national median of $69,021. The median age of people living in Rio Hondo is 38.4 years.
The average high temperature in July is 94.2 degrees, with an average low temperature in January of 50.5 degrees. The average rainfall is approximately 26.2 inches per year, with 0.1 inches of snow per year.
