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31637443
31637445

4588 Texas 110, Grand Saline, TX 75140 For Sale

Norris Real Estate
Listed by Norris Real Estate
$729,000
98 days on market
Updated 11 days ago

The Venue at Three Points

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Units 7
Cap Rate 1.28%
NOI $9,300
Occupancy 100%
Buildings 10
Acreage 5.800
Investment Type Owner/User

Multifamily | 7 Units | $104,143/unit

Marketing description

A turnkey investment opportunity awaits at The Venue at Three Points! This unique property has a proven track record as a successful

Airbnb and VRBO destination and has recently been transitioned into long-term rentals. All seven homes are currently tenant-occupied,

generating an impressive $9,300 per month in income. Set on expansive grounds, the property features seven distinct homes, each

offering its own character and style—from rustic cabin charm to modern farmhouse and cozy cottage aesthetics. Homes can be sold fully

furnished, providing a seamless, ready-to-go investment. Beyond the residences, the property is rich with amenities that enhance both

its functionality and appeal. A covered gazebo creates the perfect setting for outdoor gatherings and events, while a children’s

playground adds family-friendly entertainment. The on-site chapel offers a serene space ideal for weddings and special occasions.

Additional features include a vacant building with potential for a small retail shop, multiple scenic ponds, and three storage units—two of

which are equipped with water hookups. These elements further expand the property’s versatility and income potential. With its flexible

layout, picturesque landscape, and wide range of uses, 4564 State Hwy 110 presents a rare opportunity for investors seeking a multi-use

property. Ideal for event hosting, vacation rentals, or a private retreat center. Conveniently located just a short drive from First Monday

Trade Days in Canton, as well as Grand Saline, Van, and Mineola. Don’t miss your chance to own this exceptional and income

-producing property!

Investment highlights

  • Stabilized Income-Producing Asset – Currently generating $9,300/month ($111,600 annually) with all seven homes leased as long-term rentals
  • Proven Short-Term Rental History – Previously operated as a successful Airbnb & VRBO destination, offering flexibility to increase revenue
  • 7 Detached Rental Units – Diverse unit mix featuring rustic cabins, modern farmhouse, and cottage-style homes
  • Multiple Revenue Streams – Income potential from long-term rentals, short-term rentals, and event hosting
  • On-Site Chapel for Events – Dedicated chapel space ideal for weddings, retreats, and private events, creating additional income opportunities
  • Event-Ready Amenities – Covered gazebo and playground enhance appeal for gatherings and family-friendly stays
  • Additional Income Upside – Vacant building suitable for retail/shop use + 3 storage units (2 with water hookups)
  • Scenic 5.82 Acres – Features multiple ponds and landscaped grounds, creating a destination-style setting
  • Strategic Location – Convenient to First Monday Trade Days, Grand Saline, Van, and Mineola—driving consistent visitor traffic
  • Value-Add Potential – Opportunity to increase rents, expand STR operations, or further develop the property

Listing Contacts

Norris Real Estate
Listed by Norris Real Estate

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$9,300.00
$775.00/mo

Valuation Metrics

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DSCR
1.28%
Cap Rate
1.28%
ROI

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Additional Information

Name
Daniel Shipman
License
785224
Brokerage Phone
9035702799
Title
TX
Brokerage Address
704 Cherokee Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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