509 W Park ST Active Save Request In-Person Tour Request Virtual Tour
Fredericksburg,TX 78624
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
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