This is the kind of investment opportunity that checks every box: strong cash flow, future upside, and a turnkey tenant in place. Located on a spacious corner lot in Slaton, TX, this 3-bedroom, 2-bath property currently exceeds the sought-after 1% rule. A 2-year lease is in place, providing immediate, reliable rental income with no downtime. The home is currently occupied as a single-family residence, but savvy investors will appreciate the value-add potential. With minimal modifications, the layout could be reconfigured to create two separate units. The front portion of the home would serve as a comfortable 2-bedroom residence, that accounts for the listed 1049 sq ft. The attached rear unit—offering an additional 650 sq ft—could function as an efficiency apartment, complete with its own kitchenette, private bathroom, and shared laundry access. This flexible configuration offers the ability to maximize rent and cater to a broader tenant base. Whether you're building your portfolio or looking for a solid addition with immediate returns and long-term potential, this well-positioned corner property is an ideal pick. Reach out today for income details and to schedule a private tour.