106 S Arroyo Boulevard Great opportunity to own a waterfront, grand-fathered, income-producing property in Rio Hondo. This unique setup includes a mix of cabins, mobile homes, RV rentals, and pad sites, creating multiple streams of income within one property. It's already cash flowing with tenants in place, while still offering room to grow. City is not granting RV permits for this location anymore. The property sits in a quiet, laid-back area near the water, that can be upgraded seeking long-term renters as well as seasonal tenants or Airbnb looking for a more relaxed environment. With limited rental options in Rio Hondo, demand has remained steady. There is clear upside for the next owner-whether through increasing rents, leasing out additional spaces, adding more units, or updating existing ones to maximize returns. If you're looking for something a little different from the typical multifamily property, this offers income today with the flexibility to expand and improve over time.