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301 Cedar Street #A

Lometa, TX 76853

$125,000

4 units · 2014

Units4
Building area2,400 sq ft
Year built2014
Gross income$21,000/yr
Cap rate10.88% as listed
Parking4 spaces
Lot size0.303 acres
TypeResidential Income

What it costs to own

Taxes$909 per year
HOANone listed
Operating expenses$5,580 per year — as listed
Insurance$1,800 per year — as listed
Net operating income$13,600 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

OWNER FINANCING is available with 25% Down!! This is a TURNKEY INVESTMENT PROPERTY.... THERE ARE FOUR CABINS, with about 450 square foot each, and all are rented out and equipped with a fridge and range. It is possible someone could live in one unit while continuing to rent out the other 3. One cabin has been recently revamped. The cabins are two main rooms, each. One room - is a kitchen - living room, second room - is a bedroom and a full bath. They are heated and cooled with an energy-efficient Mini split and cabins are all electric. There is enough room to build more units on the property. Property is located very near the heart of Lometa and not far from the school.

Landlord pays water and sewer bill and garbage collection and is responsible for lawn care. Cabins are 10 years old but have had updates since.

The details

HeatingElectric
CoolingWall Unit(s)
FlooringLaminate
AppliancesElectric Range, Refrigerator
Interior featuresOther

Construction materialsWood
RoofMetal
FoundationPillar/Post/Pier

Water sourceCity Water, Master Water Meter
SewerCity Sewer
ElectricElectricity Connected

SubdivisionFulton

ElementaryLometa
Middle schoolLometa
High schoolLometa
DistrictLometa ISD

Gross income$21,000 per year
Operating expenses$5,580 per year
Insurance$1,800 per year
Cap rate10.88% — as listed
Net operating income$13,600 per year

MLS #20786804
Source
Price changeReduced by $14,000 · Sep 3, 2026
On the market645 days
CountyLampasas

Around this home

One moment…

Everyday life

Nearest groceryBrookshire Brothers · 37 mi
Nearest parkHamilton Park · 37 mi

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Listing courtesy of Hoyt Real Estate — Deryl Hoyt Jr.

Where it is

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Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #20786804. Information last updated September 3, 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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