435 Gene Lee Road, Mineral Wells, TX 76067
Local realty services provided by:Better Homes and Gardens Real Estate Senter, REALTORS(R)
Listed by: keaton vaughn
Office: monument realty
MLS#:21417432
Source:GDAR
Price summary
- Price:$860,000
- Price per sq. ft.:$637.51
About this home
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. One 2-bedroom apartment is leased for $1,350 per month, and the 1-bedroom apartment is leased for $1,250 per month. The second 2-bedroom apartment could potentially rent for $1,350 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....
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Home facts
- Year built:2008
- Subdivision & Development:none
- Listing ID #:21417432
- Added:7 day(s) ago
- Updated:October 29, 2026 at 12:14 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Carpet, Luxury Vinyl Plank
- Kitchen Description:Dishwasher, Electric Cooktop, Electric Oven
- Living area:1,349 sq. ft.
Heating and cooling
- Cooling:Central Air, Electric
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Roof:Metal
- Year built:2008
- Building area:1,349 sq. ft.
- Lot area:17.28 Acres
- Lot Features:Acreage, Agricultural, Cleared, Few Trees, Many Trees
- Construction Materials:Stone
- Foundation Description:Slab
- Levels:1 Story
Schools
- High school:Mineralwel
- Middle school:Mineralwel
- Elementary school:Houston
Utilities
- Water:Well
Finances and disclosures
- Price:$860,000
- Price per sq. ft.:$637.51
- Tax amount:$7,281
Features and amenities
- Appliances:Dishwasher, Electric Cooktop, Electric Oven
Parking
- Garage:Yes
- Garage spaces:5
- Carport spaces:4
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