Improved Residential Land for Sale in Gatesville, Texas

Income-producing property situated on 2.77 acres with excellent highway frontage and future expansion potential. This beautiful tract with mature trees features a perimeter fence and two separate entrances along Hwy 84, offering convenience and flexibility for multiple residences. The property currently includes two tenant-occupied homes providing immediate rental income: - Manufactured home: 3 bedrooms, 2 baths, two living areas, plus a bonus space in the primary suite. Currently leased for $1,400/month. - Remodeled residence: 2 bedrooms, 1 bath, recently updated inside and out with modern finishes. Currently leased for $1,300/month. Mountain Water Supply has indicated availability for two additional water meters (buyer to verify), creating strong potential for added rental units or future development. The acreage offers ample space for expansion while maintaining privacy. Located outside city limits yet just minutes from Gatesville, with convenient access to Waco, Temple, Killeen, and Fort Hood. Excellent opportunity for investors seeking immediate cash flow with room to grow.