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509 W Park St

Fredericksburg, TX 78624
  • $975,000
  • STATUS: Active
  • MLS #: 8082770
UPDATED: 13 min ago
$975,000
  • 0
    BEDS
  • 2.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,400
    SQFT
  • $406
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2000
County:

School Information

Elementary School:
Middle School:
School District:
Property listed by Michelle Adams of Austin Investment & Relocation Property Group: (512) 574-2969.

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!

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© 2024 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-11-03T23:00:35.267.

MLS Grid  logoBased on information submitted to the MLS GRID as of 2024-11-03T23:00:35.267 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Click here for MLS GRID DMCA Notice
www.newhomeprograms.com/homes/156445291
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509 W Park St Fredericksburg, TX 78624

  • Price: $975,000
  • Status: Active
  • On Site: Days
  • Updated: 13 min ago
  • MLS #: 8082770
0
Beds
0
Baths
0
½ Baths
2.31
Acres
2,400
SQFT
$406
$/SQFT
2000
Built
Neighborhood:
Out County
County:
Gillespie
Area:
Fredericksburg
Elementary School:
Fredericksburg
Middle School:
Fredericksburg
High School:
Fredericksburg (Fredericksburg ISD)
School District:
Fredericksburg ISD
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!
Exterior Features

Attached Garage YN No Covered Spaces 0 Direction Faces South Exterior Features Balcony Fencing FencedGate Foundation Details Slab Garage YN No Levels Two Lot Features Level Other Structures Shed(s) Parking Features Additional ParkingCarportDriveway Patio And Porch Features DeckPatio Roof Composition View Trees/Woods Waterfront Features None Waterfront YN No

Interior Features

Appliances Built-In Electric OvenDishwasherMicrowaveWasher/Dryer Cooling Central Air Fireplaces Total 0 Flooring TileVinyl Heating Central Interior Features Ceiling Fan(s) Laundry Location In Unit Unit Room Type BedroomBathroomLiving Room Window Features None

Property Features

Accessibility Features None Association YN No Community Features Common Grounds Estimated Taxes 10000 Fema Flood Plain No Horse YN No Listing Terms ConventionalFHAVA Loan New Construction YN No Pets Allowed Cats OKDogs OK Pool Features None Property Condition See Remarks Property Sub Type Quadruplex Sewer Public Sewer Special Listing Conditions Standard Utilities Electricity Available Water Source Public



© 2024 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-11-03T23:00:35.267.

MLS Grid  logoBased on information submitted to the MLS GRID as of 2024-11-03T23:00:35.267 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Click here for MLS GRID DMCA Notice
 
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NewHomePrograms.com
24624 Interstate 45N, Suite 120
Spring TX, 77386
Property listed by Michelle Adams of Austin Investment & Relocation Property Group: (512) 574-2969.