Thank you
Michael Ashby
JBG Commercial
512-820-2192
Prime rental property for sale in Wimberley, TX. This Investment property on 2 acres of unrestricted land has a tri-plex building with Units 5, 6, 7, built in 2006 and additional land where a single row of building units 1, 2, 3 & 4 previously stood but were unfortunately lost in a fire in 2022. All tri-plex units are currently leased with 2 expiring in late spring of 2025. Healthy market rents are being achieved (1350.00 per month). New deck on all units on this well maintained property. The price is reflective of rent/price ratio and recent sales comps of near by small multi-unit properties in the past year. This valuation method takes into consideration the tri-plex income and the remaining unrestricted land value. The valuation does not take into consideration any pro-forma values for the previous properties nor does it apply a premium on the land where the properties previously were. The replacement of the previous 4 rental units and addition of more on the remaining land could easily double the value (or more) of this property allowing the investor to realize instant equity and cash flow for years to come in a thriving area for essentially replacement costs of the buildings. This is an experienced investors ideal property with the potential to be a long term hold. This is an excellent opportunity that doesn't come around often. Please contact agent for showing requests. Please do not disturb the tenants. All site visits should be facilitated through the listing agent.
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Total Bedrooms : 0
Total Baths: 0
Water Source : Well
Sewer : Septic Tank
4651
Total Rooms: 0
None
Roof : Metal
Exterior Property Features : Balcony
Interior Features: See Remarks
Property Appliances: Dishwasher,Electric Range,Refrigerator,Washer
No. of Fireplace: 0
Cooling Features: Central Air
Heating Features: Central,Electric
Year Built: 1979
Construction: Wood Siding
Roof: Metal
Flooring: Carpet,Vinyl
Fencing: Wire
Patio And Porch Features: Patio
View: Hills
Balcony
Window Features: Blinds
Laundry Features: Washer Hookup,Dryer Hookup
Lot Description: Irregular Lot,Views
Lot Size Acres: 2
SQ ft: 4,651
Subdivision: Eagles Nest
Owner Pays: Trash Collection
Directions: Directions: N on RR 12 @ 3 miles, 200 yards past Skyline Dr is Eagles Nest. Turn and go up hill to triplex on right corner and turn in front of triplex. Short road in front of property is where 4 units used to be and is part of the property prime for rebuild of additional rental units.
Source Property Type: Residential Income
Property SubType: Triplex
Area: HW
Source Neighborhood: Eagles Nest
Total Square Feet Living: 4651
Foundation Details: Slab
Property Age: 45
Utilities: Electricity Available
Original List Price: $789,000
Parcel Number: 1006020007000008
Association: No
Pets Allowed: Yes
Community Features: None
Elementary School: Jacobs Well
Middle/Junior High School: Danforth
Senior High School: Wimberley
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
TBD Comanche Trail, Wimberley, TX,78676 | $38,000 | -- | -- | -- | 0.287 Acre |
201 Cascade Falls Drive , Wimberley, TX,78676 | $450,000 | -- | -- | -- | 255741 Sqft |
TBD Buzzard High Road, Wimberley, TX,78676 | $400,000 | -- | -- | -- | 6.886 Acres |
127 Leaders Hill Rd, Wimberley, TX,78676 | $1,200,000 | -- | -- | -- | 16.7 Acres |
000 Brinkley Drive, Wimberley, TX,78676 | $500,000 | -- | -- | -- | 6.24 Acres |
171 River Bend Road, Wimberley, TX,78676 | $2,495,000 | 3 | 2 | 2,557 | 7.48 Acres |
1212 Skyline Drive, Wimberley, TX,78676 | $599,900 | 3 | 2 | 2,281 | 3.72 Acres |
101 Arrowhead Pass, Wimberley, TX,78676 | $679,900 | 3 | 2 | 2,090 | 3 Acres |
101 Arrowhead Pass, Wimberley, TX,78676 | $679,900 | 3 | 2 | 2,090 | -- |
77 E Valley Spring Road, Wimberley, TX,78676 | $52,500 | -- | -- | -- | 0.2921 Acre |
The information being provided by ACTRIS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the ACTRIS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by ACTRIS.
ByOwner last updated this listing 05/06/2024 @ 07:27
MLS: 7145847
LISTED BY: Michael Ashby, JBG Commercial
SOURCE: ACTRIS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.