$250,000
$25K PRICE DROP

300 Caballo Way Chico, TX 76431

Estimated payment $1,613/month

Total Views 2,777
1 Bed
1 Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

This unique investment opportunity features a charming tiny home community with 4 rental units, each generating monthly rental income of $700-$750. The units are equipped with individual electric meters, ensuring tenants pay for their own electricity, and minimizing your overhead. Recent updates to the property in 2022 make it a low-maintenance option for investors.Located just steps away from the town square, enjoy easy access to local amenities including shops, a bank, and a grocery store—an attractive location for renters.With owner financing available and only a 20% down payment, this property provides an excellent opportunity for those looking to enter the rental market with minimal hassle.

Listing Agent

Dora Andrade

INC Realty, LLC Brokerage Phone: 940-222-7012 License #0525870 Listed on: 02/19/2025

INC Realty, LLC

Co-Listing Agent

Jazzmin Andrade

INC Realty, LLC Brokerage Phone: 940-222-7012 License #0804307

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Parking

  • Driveway

Home Design

  • Pillar, Post or Pier Foundation
  • Composition Roof

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Schools

  • Chico Elementary And Middle School
  • Chico High School

Additional Features

  • 1-Story Property
  • 0.4 Acre Lot

Community Details

  • 4 Buildings
  • 4 Units
  • 288 Sq Ft Building
  • Chico Estates Subdivision

Listing and Financial Details

  • Legal Lot and Block 7 / 6
  • Assessor Parcel Number 769263
  • $4,250 per year unexempt tax

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multiple Single Units
  • Unit Levels: One
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 30500
  • Notice Surveillance Devices Pres: Audio, Video
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Accessory Unit YN: No
  • Ratio Current Price By Building: 868.05556
  • Attribution Contact: 940-222-7012
  • Special Features: None
  • Year Built: 1960

Interior Features

  • Interior Amenities: Other
  • Flooring: Combination
  • Appliances: Other

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • Pool: No
  • Foundation: Pillar/Post/Pier
  • Roof: Composition
  • Construction Materials: Wood

Garage/Parking

  • Cooling System: Other
  • Parking Features: Driveway
  • Attached Garage YN: No

Utilities

  • Heating: Other
  • Utilities: City Sewer, City Water

Condo/Co-op/Association

  • Complex Name: Caballo
  • Association Type: None

Schools

  • School District: Chico ISD
  • Elementary School: Chico
  • Middle School: Chico
  • High School: Chico
  • School District: Chico ISD
  • Elementary School: Chico

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.3990
  • Parcel Number: 769263
  • Lot Size Acres: 0.3990
  • Lot Size Sq Ft: 17380.4400

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1960
  • Units Total: 4
  • SeniorCommunityYN: No

Multi Family

  • Gross Annual Expenses: 3000.00
  • Gross Annual Income: 335000.00
  • Unit Count: 3

Tax Info

  • Unexempt Taxes: 4250
  • Special Taxing Entities: No
  • TaxBlock: 6
  • Tax Lot: 7

MLS Schools

  • Middle School Name: Chico
  • Elementary School Name: Chico
  • High School Name: Chico

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2025 04/07/25 Price Changed $250,000 -9.1% --
02/19/2025 02/19/25 For Sale $275,000 -- --
Source: North Texas Real Estate Information Systems (NTREIS)

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20848960

North Texas Real Estate Information Systems (NTREIS)
Texas Wise County Chico 76431

300 Caballo Way, Chico, TX

This home is located at 300 Caballo Way, Chico, TX 76431 and is currently priced at $250,000. This property was built in 1960. 300 Caballo Way is a home located in Wise County with nearby schools including Chico Elementary School, Chico Middle School, and Chico High School.

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North Texas Real Estate Information Systems (NTREIS) Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved

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Listing Agent
Dora Andrade
Section Image
INC Realty, LLC
(940) 748-1733