509 W Park Street
Fredericksburg, TX 78624
2400 sqft | 2.31 acres | #8082770
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!
Interior Details
- InteriorCeiling Fans
Property Details
- ViewTrees Woods
- Exterior MaterialsBalcony
- Lot DescriptionLevel
Measurements
- Acres2.31
- Square Feet2400
Construction Details
- Property TypeMulti-Family
Condition
- Year Built2000
Material information
- FoundationSlab
Utilities / Energy Details
- Utility FeaturesElectricity Available
- Sewer InformationPublic Sewer
- Utility SourcePublic
Community and Neighborhood Details
- SubdivisionOut County
Location
- High SchoolFredericksburg (Fredericksburg ISD)
- School DistrictFredericksburg ISD
- Elementary SchoolFredericksburg
- Middle SchoolFredericksburg
- CountyGillespie
Financial Details
- Original List Price$975,000
- Days on Market (Cumulative)38
Restrictions
- Pets1
Other
- MLS #8082770
Location
Legal
Based on information submitted to the MLS GRID as of 2024-11-11 17:27:31 UTC. 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.
The information being 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. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Last Updated: . Source: ACTRIS
Listing Courtesy
Listing Agent: Michelle Adams (#565976), Phone: (512) 574-2969
Listing Office: Austin Investment & Relocation Property Group (#700790)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
