Welcome to Hometown Apartments a standout investment property in the heart of Hico, Texas. Located at 101 N Mesquite St, this 16-unit complex features a mix of 1-bedroom 1-bath and 2-bedroom 1-bath units. The entire property was fully remodeled approximately five years ago, offering updated interiors and modern finishes throughout. A brand-new roof was also installed this year, ensuring durability and low maintenance for years to come. With a strong rental history, the complex is almost always fully occupied and typically has a waitlist, reflecting high tenant demand. Just steps from downtown Hico and Hico Hall, residents enjoy convenient access to local dining, shopping, and community events. Whether you’re a seasoned investor or looking to expand your portfolio, Hometown Apartments is a turnkey opportunity with stable cash flow and long-term value.
MLS# | 20880367 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1978 |
Days On Site | 30 |
Listing Provided By | BLACK REAL ESTATE, LLC | Christi Black |
SQ Feet | 9,600 |
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Story(s) | 2 |
Units | 16 |
Zoning | Residential |
Acreage | 0.40 |
State | TX |
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County | Hamilton |
City | Hico |
Zip Code | 76457 |
Area | Hamilton |
Community Name | Orig Hico |
Listing VS Median (In Orig Hico) | |
Price: $1,950,000 low | high Med: $254,950 SqFt: 9,600 low | high Med: 1,631 $ / SqFt: $203 low | high Med: $157 On site: 30 low | high Med: 71.000000 |