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Key Details
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 7,776 sqft
Price per Sqft $75
Subdivision Sir Gerald 1
MLS Listing ID 364380
Sold Date 03/29/19
Style Other
HOA Y/N No
Year Built 1978
Lot Size 0.355 Acres
Acres 0.355
Property Description
Amazing investment opportunity centrally located in New Braunfels. 8-plex of identical/mirrored, 2 bedroom/2 bathroom, 972 SF units! Rents have been increased as units have been slowly improved, 4 units improved, 2 units partially improved and the other 2 units are occupied by long term tenants with minimal modifications. Lots of vacancy in 2018 due to two remodels being underway. Currently room to increase rents 6%+. Another 10%+ more upside if you implement washer and dryers in each unit which could be done with stacked units in empty space in back bathrooms.
Location
State TX
County Comal
Rooms
Ensuite Laundry None
Interior
Interior Features See Remarks
Laundry Location None
Heating Central, Electric
Cooling Central Air, Electric
Flooring Carpet, Concrete, Vinyl
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Other, Refrigerator, See Remarks
Laundry None
Exterior
Garage No Garage
Fence Other, See Remarks
Community Features Other, See Remarks
Utilities Available Electricity Available, Trash Collection Public
Amenities Available Other, See Remarks
Waterfront No
View Y/N No
Water Access Desc Public
View None
Roof Type Flat
Accessibility None
Parking Type No Garage
Building
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories Two
Schools
School District New Braunfels Isd
Others
Tax ID 70799
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Arthur Fonseca • Realty Austin