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Mclennan, US
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.
Courtesy Of: Listing Spark
Feature Highlights
- Dining Room
- Family Room
- Wood Floor
General Features
- Foundation Type:
- Slab
- Garage:
- Circular Driveway
Public Schools
- School District:
- West ISD
- Elementary School:
- West
- Middle School:
- West
- High School:
- West
Interior Features
- Beds Total:
- 4
- Room Count:
- 5
- Number Of Living Areas:
- 2
- Number Of Dining Areas:
- 2
- Interior Features:
- Vaulted Ceiling(s)
- Heating:
- Central,Natural Gas,Propane
- Flooring:
- Laminate,Wood
- Baths Full:
- 3
Exterior Features and Amenities
- Lot Size:
- 3 to < 5 Acres
- Lot Size Area:
- 3.5750
- Lot Size Units:
- Acres
- Parking Features:
- Circular Driveway
- Roof:
- Composition
- Subdivision Name:
- Bode Road Add
Utility Information
- Utilities:
- Aerobic Septic,City Water,Community Mailbox,Individual Water Meter,Outside City Limits,Overhead Utilities
Financial
- Unexempt Taxes:
- $4,405.00
- Transaction Type:
- For Sale
- Tax Legal Description:
- BODE ROAD ADDITION PH 1 LOT 12 BLOCK 1 ACRES
Other Features
- Will Subdivide:
- No
- Year Built Details:
- Preowned
- Structural Style:
- Single Detached
- Possession:
- Closing/Funding
- Parcel Number:
- 500043500001120
- Foundation Details:
- Slab
- Construction Materials:
- Brick
Directions
From the Hilltop exit north of Elm Mott on I-35, turn East on Hilltop which turns into Bode Rd. About 2 miles look for Grassy Way on the left. Turn left on Grassy Way, proceed to the very end, the driveway opens up a the end of the culdesac. Black pipe fence, Black powder coated gate with a star
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Data last updated: 2025-07-05.
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