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About the Listing LSPK01 - 0548216
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.
Listing Highlights for 325 Grassy Way
Interior Details
- Bedrooms: 4
- Bathrooms: 3 Full
- Appliances: Gas Oven, Gas Range, Plumbed For Gas in Kitchen, Refrigerator
- Air Cond: Central Air,Electric
- Heating: Central,Natural Gas,Propane
- Fireplaces: 0
- Floor: Laminate,Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Vaulted Ceiling(s),Master on Main
- Water:
Exterior Details
- Lot Description: 3 to < 5 Acres
- Garage Capacity: N/A
- Roof: Composition
- Others: Preowned
- Sewer:
- Parking Features: Circular Driveway
Financial Details
- Tax Amount: $4,405
- Taxes w/Assessments: N/A
- Tax/Property ID: 500043500001120
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Listing Location
Questions About..
325 Grassy Way Elm Mott, TX 76640
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