Income-producing ranch minutes from downtown Sulphur Springs. Acres of rolling hills, pastures, hay meadows, and mature trees surround historic Camp's Lake, an approximately 10-acre lake stocked with bass and crappie, dating to 1888 and fed by 13 natural springs, per the Hopkins County Genealogical Society. It includes 13 residential units, with room to expand. Three newer duplexes (completed 2021-2024) feature Andersen windows, American Standard HVAC, 2x6 walls, spray-foam attic insulation, 9' ceilings, tile showers, concrete walks, and front and rear porches. A fourth duplex is under construction with utilities in place. Water and electricity are available for at least three more duplexes. The 48' x 83' four-unit apartment building was fully remodeled in 2018 with new windows, doors, HVAC, septic, siding, and six covered parking spaces. The lakeside 2-bedroom, 2-bath rental home includes a detached two-car garage, four-car carport, covered patio, and RV pad. The 4,500-square-foot single-story main residence sits on the water with a large deck, a 10-foot-deep in-ground pool, three fireplaces, two living areas, formal dining, and an oversized primary suite with lake views, a private exterior entrance, and two walk-in closets. A 72' x 52' shop and equipment barn is being converted into apartments. One apartment is complete and rented; a second is scheduled for completion by November 2026 and a third in 2027. Ag improvements include a four-stall, 2,880-square-foot equestrian barn with round pen, hot walker, tack room, pipe-fenced paddocks, and three loafing sheds. Outside city limits, the property is minutes from Walmart, Lowe's, Tractor Supply, the hospital, and the Hopkins County Sale Barn and within walking distance of the Sulphur Springs Middle School. Conventional financing welcome; sellers are also open to creative offers, including seller financing or a joint venture on future development. Financials available to qualified buyers upon request.