Mineral Wells, TX 76067 188 Olsen First
$250,000



13 more














Presented By: Jonathan Underwood with eXp Realty, LLC; 888-519-7431
Home Details
Welcome to 188 Olsen 1st St, a fantastic investment opportunity in the growing community of Mineral Wells, Texas. This well-maintained property is currently tenant-occupied on a month-to-month lease, generating $1,600 per month in rental income. Whether you are looking to expand your rental portfolio or seeking a property with income potential, this home is an ideal choice.
Situated in a convenient location, this property offers easy access to downtown Mineral Wells, shopping, dining, and local amenities. The home features a comfortable and functional layout, suitable for long-term tenants or future owner-occupancy.
Highlights:
Tenant-occupied with a $1,600 month rental income
Month-to-month lease provides flexibility for investors or potential owner occupancy
Prime location in a desirable area of Mineral Wells
Well-maintained property with consistent rental history
Don’t miss this chance to own a reliable income-producing property in a thriving market. Contact us today to schedule a viewing or learn more about this exceptional opportunity at 188 Olsen 1st St!
All information in this listing is deemed reliable but not guaranteed and should be verified by buyer.
Presented By: Jonathan Underwood with eXp Realty, LLC; 888-519-7431
Interior Features for 188 Olsen First
Bedrooms
Total Bedrooms4
Bathrooms
Half Baths1
Total Baths2
Other Interior Features
Unit Count1
Fireplaces Total0
Lock Box TypeSupra
Basement Y/NNo
FlooringLuxury Vinyl Plank, Tile
Interior FeaturesOther
Total Units1
General for 188 Olsen First
# of Buildings1
AppliancesDishwasher
Capitalization Rate7.68
Carport Spaces
CityMineral Wells
Complex NameOlsons Green Acres
Construction MaterialsBrick
CoolingElectric
CountyPalo Pinto
DirectionsFrom Downtown Mineral Wells, head south on Highway 281 for 1.3 miles. Turn left onto MH 379 and travel East for .5 miles. Turn right onto Millsap Hwy. Travel for 2.7 miles, then turn left onto Olsen 1s
Elementary SchoolHouston
Elementary School NameHouston
ExclusionsTenants belongings
Full Baths1
Gross Annual Expenses0.00
HOA TypeNone
HeatingElectric
High SchoolMineralwel
Insurance Expense
LevelsOne
Listing Terms1031 Exchange, Cash, Conventional, FHA, VA Loan
Occupant TypeTenant
Pool Y/NNo
PossessionClosing/Funding
Property SubtypeMultiple Single Units
Property TypeResidential Income
RoofMetal
School DistrictMineral Wells ISD
Standard StatusActive
StatusActive
Subdivision NameOlsons Green Acres
TenancyLease While on Market
Unexempt Taxes2040
UtilitiesSeptic
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1979
Year Built DetailsPreowned
Exterior for 188 Olsen First
Building Area Total1480.00
Covered Spaces
Foundation Slab
Garage Y/NNo
Lot FeaturesCul-De-Sac
Lot Size.5 to < 1 Acre
Lot Size Acres0.5520
Lot Size Area0.5520
Lot Size Square Feet24045.1200
Lot Size UnitsAcres
Number Of Parking Spaces2
Parking FeaturesDriveway
Additional Details
Price History
Schools
Elementary School
Houston Elementary School
Middle School
N/A
