$975,000
Fredericksburg, TX 78624
- 2.31 Acres
- Gillespie County
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!
Key Features
- Price $975,000
- Property Type Residential Income
- Acres 2 Acres
- Utilities Electricity Available
- City Fredericksburg
- Status Active
Improvements
- Exterior Features: Balcony
- Fence: Fenced,Gate
- Heating: Central
- Permit internet: 1
- Pool: None
- Roof: Composition
Other
- City: Fredericksburg
- County: Gillespie
- State: TX
- Zipcode: 78624
- Year Built: 2000
- Floors: Tile,Vinyl
- Subdivision: Out County
Property Map
From E Main St, Turn South onto South State Hwy 16, then turn Right onto West Park St. Go towards dead end.
©2024 Austin Board of REALTORS. All rights reserved. - Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Austin Board of REALTORS. Listing #8082770 Courtesy of Austin Investment & Relocation Property Group. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Information is deemed reliable but is not guaranteed.
