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  • Key Facts
  • Description
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Key Facts

Type Single Family Residence
Levels Residential
Size 1798 sqft
Garage No
Taxes $4,405
Days Active 1
Lot Size 
Approx. Age 1983
Avg. Price Per Sqft $333
MLS® Number 20990819

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Income-Producing Ranch Retreat 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.Show Description
MLS® Number20990819
Laundry Level
Central VacNo
FireplaceNo
Acreage3.575
Exterior
GarageNo
Approx. Age1983
Basement
DrivewayCircular Driveway
Garage Spaces
HeatCentral, Propane, Natural Gas
A/CCentral Air, Electric
Heating Fuel

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