Mansfield, TX 76063 10705 3rd Street
$320,000



16 more

















Presented By: Jennifer Ticer with RE/MAX Associates of Mansfield; 817-473-7700
Home Details
Excellent Income Opportunity on half an Acre in Mansfield.
Discover the perfect blend of peaceful country living and smart investing with this unique residential income property nestled on a spacious 0.6 acre lot in unincorporated Johnson County. Enjoy all the perks of a Mansfield address without the burden of city taxes!
This well-maintained duplex offers two charming, mirror-image units, boasting of 702 square feet per unit. Each featuring 1 bedroom with a dedicated office nook, 1 full bath, a comfortable living room, full kitchen, a dining space, and a separate laundry room. One unit is leased through May 2026 for $1,200 per month while the other side is currently vacant and ready for its new owner or tenant. Both units had a new HVAC and new water heaters installed within the last two years.
The back of the property also generates income with two full-service RV hookups which includes water and sewer. These are ideal for short-term or long-term rental opportunities. One RV spot is currently leased at $600 per month on a month-to-month lease and the second RV spot is currently owner occupied, but available for a new tenant. There is even a RV laundry location available for those leasing these spaces, making these lease sites highly desirable.
This is a great opportunity to live on-site while generating income, or a perfect setup for an investor looking to expand their portfolio.
Located just minutes from Mansfield’s shopping, dining, and major highways, yet tucked away in a quiet, rural setting, this property offers the best of both worlds.
Don’t miss this rare chance to own a flexible, income-producing asset in a high-demand area!
Presented By: Jennifer Ticer with RE/MAX Associates of Mansfield; 817-473-7700
Interior Features for 10705 3rd Street
Bedrooms
Total Bedrooms2
Bathrooms
Total Baths2
Other Interior Features
Unit Count2
Fireplaces Total0
Lock Box TypeCombo
Basement Y/NNo
FlooringEngineered Wood
Interior FeaturesCable TV Available, Open Floorplan, Walk-In Closet(s)
Total Units2
General for 10705 3rd Street
# of Buildings1
Accessibility FeaturesAccessible Entrance
AppliancesElectric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator
Capitalization Rate12.50
Carport Spaces2
CityMansfield
Complex NameParadise Estates
Construction MaterialsFiber Cement
CoolingCeiling Fan(s), Central Air
CountyJohnson
DirectionsGPS is accurate.
Elementary SchoolLillian
Elementary School NameLillian
Full Baths2
Gross Annual Expenses2000.00
HOA TypeNone
HeatingCentral, Electric
High SchoolAlvarado
Insurance Expense1400
Junior High SchoolAlvarado
LevelsOne
Listing TermsConventional
Occupant NameSee Agent
Occupant TypeVacant
Operating Expense IncludesInsurance, Maintenance, Mortgage/Loans, Trash, Water/Sewer
Pool Y/NNo
PossessionClosing/Funding
Property SubtypeDuplex
Property TypeResidential Income
RoofMetal
School DistrictAlvarado ISD
Security FeaturesSmoke Detector(s)
Special NotesAerial Photo
Standard StatusActive Under Contract
StatusActive Option Contract
Subdivision NameParadise Estates
TenancyLease While on Market
UtilitiesAerobic Septic, Co-op Electric, Phone Available, Rural Water District
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built2005
Year Built DetailsPreowned
Exterior for 10705 3rd Street
Attached Garage Y/NNo
Building Area Total1420.00
Covered Spaces2
Exterior FeaturesCovered Patio/Porch, RV Hookup
FencingChain Link, Privacy, Wood
Foundation Slab
Garage Y/NNo
Lot Size.5 to < 1 Acre
Lot Size Acres0.6000
Lot Size Area0.6000
Lot Size Square Feet26136.0000
Lot Size UnitsAcres
Number Of Parking Spaces4
Parking FeaturesAdditional Parking, Circular Driveway, Gravel, Oversized, RV Access/Parking
Patio And Porch FeaturesCovered
WaterfrontNo
Additional Details
Price History
Schools
Elementary School
Lillian Elementary School
High School
N/A
Middle School
N/A

Lacy Brejcha
REALTOR