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$975,000

Est. payment - /mo

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2,400 SqFt

Active

509 W Park ST Fredericksburg, TX 78624

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Sloan Dunlop

sloan@purerealty.com +1(512) 431-6418

UPDATED:

10/22/2024 08:44 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,400 sqft

Price per Sqft $406

Subdivision Out County

MLS Listing ID 8082770

HOA Y/N No

Originating Board actris

Year Built 2000

Tax Year 2023

Lot Size 2.310 Acres

Acres 2.31

Property Description

Looking for a prime investment in Texas wine country? With an estimated cap rate of 7% and growth potential- These two duplexes in Fredericksburg, TX, built in 2000, and situated on over 2 acres, with gated entrance, offer an incredible investment opportunity. All four units are approximately 1,100 sq ft, 2bed /1 bath and are currently rented with three tenants on new one-year leases starting 9/1, 10/15, and 11/1, and the fourth tenant is on a month-to-month basis. This flexible setup allows for potential owner occupancy with a simple 30-day notice to the month-to-month tenant. The current rental income totals $6,910 per month or $82,920 annually, with rents at $1,800, $1,695, $1,695, and $1,720. With low property taxes of just $10,000 per year and tenants covering their own utilities, this property offers a strong cap rate. Whether you're an investor seeking a solid return or a buyer looking for a flexible living arrangement, this is a prime opportunity. Contact us today for financing options and to schedule a tour!

Location

State TX

County Gillespie

Interior

Interior Features Ceiling Fan(s)

Heating Central

Cooling Central Air

Flooring Tile, Vinyl

Fireplace No

Appliance Built-In Electric Oven, Dishwasher, Microwave, Washer/Dryer

Exterior

Exterior Feature Balcony

Fence Fenced, Gate

Pool None

Community Features Common Grounds

Utilities Available Electricity Available

Waterfront No

Waterfront Description None

View Trees/Woods

Roof Type Composition

Porch Deck, Patio

Parking Type Additional Parking, Carport, Driveway

Building

Lot Description Level

Faces South

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Concrete,Glass,Stucco

New Construction No

Schools

Elementary Schools Fredericksburg

Middle Schools Fredericksburg

High Schools Fredericksburg (Fredericksburg Isd)

School District Fredericksburg Isd

Others

Pets Allowed Cats OK, Dogs OK

Special Listing Condition Standard

Pets Description Cats OK, Dogs OK

Listed by Austin Investment & Relocation Property Group

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Sloan Dunlop

Agent | License ID: #817467

+1(512) 431-6418