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1140 CR 1712

Grand Saline, TX 75140

$560,000

3 units · 2022

Units3
Building area798 sq ft
Year built2022
Gross income$38,400/yr
Cap rate3.66% as listed
Parking9 spaces
Lot size9.743 acres
TypeResidential Income

What it costs to own

Taxes$725 per year
HOANone listed
Operating expenses$17,916 per year — as listed
Insurance$2,017 per year — as listed
Net operating income$20,484 per year — as listed

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

About this home

Income-producing East Texas acreage featuring three separate residential dwellings situated on 9.743 acres. Property includes a recently constructed cottage built in 2022 with one bedroom plus loft space suitable for a second sleeping area, a detached 1-bedroom, 1-bath cabin residence, and a 2-bedroom, 2-bath manufactured home that has recently been painted with updated carpet. Combined, the property offers approximately 5 bedrooms and 4 full bathrooms across the three residential units.

Two units are currently tenant occupied with established rental income totaling approximately $3,200 per month. The cottage and manufactured home each maintain separate electric service accounts, while utilities for the cabin are currently owner paid. Property is serviced by a shared private well, and each dwelling has its own separate septic system.

Country living at its best. The acreage features a mix of cleared open areas, mature East Texas hardwood and pine trees, and wooded sections providing privacy and scenic surroundings year round. Deer and other wildlife are frequently visible on the property during morning and evening hours. Additional improvements include two ponds, a fenced garden area, detached well house, and a large 48’ x 13’ workshop building with space suitable for tractor, mower, equipment, or general storage use. A long zip line is installed in the pine forest behind the blue cottage at the back of the property.

Located outside city limits with convenient access to Grand Saline and Interstate 20, the property is approximately one hour from the East Dallas area while still offering a private rural setting. Property offers flexibility for continued investment use, owner occupancy with supplemental rental income, or multi-generational living. Buyer to independently verify schools, taxes, acreage, and square footage.

The details

HeatingCentral, Electric, Floor Furnance, Propane, Space Heater
CoolingCeiling Fan(s), Central Air, Electric, Gas, Wall Unit(s)
FlooringCarpet, Linoleum
AppliancesDishwasher, Disposal, Dryer, Gas Range, Microwave, Refrigerator, Vented Exhaust Fan, Washer
Interior featuresBuilt-in Features, Cable TV Available, Cathedral Ceiling(s), Decorative Lighting, Eat-in Kitchen, High Speed Internet Available, Loft, Natural Woodwork, Open Floorplan, Pantry

Construction materialsFiber Cement, Frame
RoofMetal
FoundationSlab

Lot featuresAcreage, Brush, Cleared, Gullies, Level, Lrg. Backyard Grass, Many Trees, Cedar, Oak, Pine, Pasture, Sloped, Tank/ Pond, Undivided
FencingBarbed Wire, Front Yard
Water sourceCo-op Water, Individual Water Meter, Private, Well
SewerAerobic Septic, Private Sewer
ElectricCo-op Electric, Electricity Available, Electricity Connected
UtilitiesCable Available, Individual Gas Meter, Propane, Underground Utilities

ElementaryGrand Saline
Middle schoolGrand Saline
High schoolGrand Saline
DistrictGrand Saline ISD

Gross income$38,400 per year
Operating expenses$17,916 per year
Operating includesCapital Improvements, Insurance, Maintenance, Maintenance Grounds, Manager, Professional Management, Utilities
Insurance$2,017 per year
Cap rate3.66% — as listed
Net operating income$20,484 per year

MLS #21281691
Source
Price changeReduced by $25,000 · Jul 13, 2026
On the market23 days
CountyVan Zandt

Around this home

One moment…

Everyday life

Nearest groceryBrookshire's · 4.5 mi
Nearest parkLake Holbrook Recreational Area · 5.2 mi

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Listing courtesy of OnTrack Realty LLC — Robert Bruce.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21281691. Information last updated July 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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