Two Income-Producing Ranch Retreats on 3.5 Acres, 325 & 321 Grassy Way, Elm Mott, TX This beautifully updated ranch-style home and guest house offer the perfect blend of comfort, privacy, and built-in rental income. Together, both homes generate approximately $4,600 per month, making this an ideal investment for those seeking a move-in ready property that pays for itself. Fully remodeled and expanded four years ago, the main home at 325 Grassy Way features granite countertops throughout, durable plank flooring, spray-foam insulation, energy-efficient windows, and a new HVAC system with gas heating. The spacious master suite includes a granite walk-in shower, and a laundry room with a utility sink adds everyday convenience. The detached guest house at 321 Grassy Way offers 800 sq. ft. of beautifully finished space, including one bedroom downstairs, a loft bedroom upstairs, a full bath with walk-in shower, laundry nook, and a full kitchen with granite countertops and barn wood accents. A vaulted timber-framed entry and ductless mini-split system create a cozy, efficient retreat. This unit is ideal for Airbnb or long-term rental, with its own address, separate utilities, and a 50-amp RV hookup. It can also be sold fully furnished for a turnkey setup. Set on 3.5 acres, the largest lot in the subdivision, this property features mature oak groves, a year-round pond, full fencing, a custom gate, chicken coop and play set. Tucked at the end of a cul-de-sac, just 2 miles from I-35 and 15 minutes from Waco, this property combines peaceful country living with the convenience of nearby amenities. Whether you're an investor or an owner-occupant looking to offset your mortgage, 321 & 325 Grassy Way deliver immediate income and long-term value.
Property Details
- Interior
- High Speed Internet, Vaulted Ceilings
- Cooling
- 1
- Heating
- Central, Propane, Natural Gas
- Cooling Features
- Central Air, Electric
- Bedrooms
- 4
- Bathrooms
- 3.0
- Full Baths
- 3
- Acres
- 0.0
- Square Feet
- 1798.0
- Lot Size (sqft)
- 3.575
- Parking Features
- Circular Driveway
- Parking Type
- Driveway
- Parking Garage Spaces
- 0.0
- Parking Carport Spaces
- 0.0
- Property Type
- Purchase
- Style
- Detached
- Property Subtype Additional
- Single Family Residence
- Year Built
- 1983
- Foundation
- Slab
- Roof
- Composition
- Sewer Information
- Aerobic Septic
- Utility Source
- Public
- Utility Features
- Overhead Utilities, Septic Available, Separate Meters, Water Available
- Appliances
- Some Gas Appliances, Gas Oven, Gas Range, Plumbed For Gas, Refrigerator
- Subdivision
- Bode Road Add
- Community Features
- Community Mailbox
- School District
- West ISD
- Elementary School
- West
- Middle School
- West
- High School
- West
- County
- McLennan
- Region
- Elm Mott
- Days on Market (Cumulative)
- 22
- Taxes Annual
- $4,405
Location
Legal
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Provided By
Listed by Aaron Jistel (#0548216)
Listing Office: ListingSpark (#LSPK01)
