$600,000
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3,120 SqFt
SOLD DATE : 06/29/2020
Key Details
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 3,120 sqft
Price per Sqft $163
Subdivision Sir Gerald 2
MLS Listing ID 405254
Sold Date 06/29/20
Style None
HOA Y/N No
Year Built 1985
Lot Size 0.330 Acres
Acres 0.33
Property Description
Investor Wanted for 16 Apartment Units! NOI $90,400. Cap Rate 7.5%. This is an 8-Unit Apartment Complex in New Braunfels, TX! Owner has second 8-Unit Apartment Complex on same street and must be sold together. Total price for 16-units is $1,200,000. Address of 2nd complex is 1053 Linde, New Braunfels, TX 78130. Both complexes are nearly 100% occupied with positive cashflow of around $90,400/Annually. Monthly rents are estimates only. 2 Units are currently occupied by management personnel at no charge so new owner could increase income $1,400+/- per month. Showing is very limited to qualified Buyers only.
Location
State TX
County Comal
Interior
Cooling 1 Unit
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Electric Range, Electric Water Heater, Refrigerator
Laundry Common Area
Exterior
Parking Features No Garage
Fence None
Community Features None
Utilities Available Electricity Available, Trash Collection Public
Amenities Available None
View Y/N No
Water Access Desc Public
View None
Roof Type Tile
Accessibility None
Building
Story 2
Entry Level Two
Foundation Slab
Water Public
Architectural Style None
Level or Stories Two
Schools
School District New Braunfels Isd
Others
Tax ID 70809
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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