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275 and 281 Indian Gap

Quitman, TX 75783

$200,000

2 units · 2024

Units2
Building area798 sq ft
Year built2024
Gross income$23,000/yr
Cap rate8.95% as listed
Parking4 spaces
Lot size0.22 acres
TypeResidential Income

What it costs to own

TaxesNot provided by the listing
HOA$104 per month · Holiday Village of Lake Fork POA
HOA fee coversFull Use of Facilities, Maintenance Grounds
Operating expenses$5,100 per year — as listed
Net operating income$17,900 per year — as listed

About this home

Want to invest in fully furnished short-term rentals? These beautiful tiny homes have bookings for several months out, so sit back and enjoy the passive income. Located in a community on Lake Fork, visitors can enjoy the neighborhood boat ramp, multiple pools, playground, and restaurant without leaving the neighborhood. In the evenings, they can sit on the covered porches and soak in the relaxation. There is nothing behind these houses providing a serene view. The tan house has a king-sized bed and sleeper sofa. The blue house has a queen bed, sleeper sofa and a back porch as well as front porch. Lake Fork is a world-famous fishing lake hosting numerous tournaments a year that bring visitors from far and wide. And Canton Trade Days is short drive also brings lots of out of towners looking for a place to stay.

The details

HeatingElectric
CoolingElectric
FlooringLaminate
AppliancesDryer, Electric Oven, Electric Range, Microwave, Refrigerator, Washer
Interior featuresEat-in Kitchen, Kitchen Island

Construction materialsVinyl Siding
RoofMetal
FoundationNone

Lot featuresFew Trees, Interior Lot
FencingNone
Water sourcePrivate
SewerPrivate Sewer
ElectricCo-op Electric

SubdivisionHoliday Villages
Community featuresBoat Ramp, Community Pool, Gated, Pool, Restaurant

ElementaryQuitman
Middle schoolQuitman
High schoolQuitman
DistrictQuitman ISD

Gross income$23,000 per year
Operating expenses$5,100 per year
Operating includesManager, Utilities, Water/Sewer
Cap rate8.95% — as listed
Net operating income$17,900 per year

MLS #21182828
Source
Price changeReduced by $10,000 · Mar 13, 2026
On the market177 days
CountyWood

Around this home

One moment…

Everyday life

Nearest groceryBrookshire's · 5.4 mi
Nearest parkSabine River Authority - W.C. Swearingen Recreation Area · 1.7 mi

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Listing courtesy of Jones & Co. Realty Group, LLC — Karen Baldwin.

Where it is

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Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing courtesy of Fieldhouse Realty Group Partners, LLC

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Listing courtesy of MILLER HOMES GROUP

Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21182828. Information last updated August 13, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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