$489,000
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5 Beds
5 Baths
3,501 SqFt
SOLD DATE : 12/19/2023
Key Details
Property Type Multi-Family
Sub Type Multi-Family (2-8 Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 3,501 sqft
Price per Sqft $139
Subdivision Misty Acres
MLS Listing ID 1732688
Sold Date 12/19/23
Style Two Story
Bedrooms 5
Full Baths 4
Half Baths 2
Year Built 2003
Annual Tax Amount $6,415
Lot Size 0.305 Acres
Property Description
Welcome to a lucrative investment opportunity in the popular city of New Braunfels! This duplex was formerly optimized for mid-term rental arbitrage for $2k per side. First unit features three bedrooms and two and a half baths plus a small backyard. Second unit features two bedrooms and two and a half baths plus a small backyard providing ample space for tenants/guests. Situated in a sought-after location between Austin and San Antonio, this property is strategically positioned for success in the thriving real estate market. Nearby amenities include the famed Comal River, the historic Gruene district, and Gruene Hall, offering tenants/guests a taste of the area's rich culture and recreational delights. This duplex's prime location and versatile layout make it an enticing prospect for savvy real estate investors seeking a cash flow-driven asset in a high-demand market. Don't miss the chance to capitalize on this gem-unlock the potential for substantial returns and lasting investment success!
Location
State TX
County Comal
Area 2707
Interior
Heating Central, 2 Units
Cooling Two Central
Flooring Ceramic Tile, Laminate
Exterior
Exterior Feature Stucco
Garage Spaces 4.0
Roof Type Composition
Building
Foundation Slab
Sewer City
Water City
Schools
Elementary Schools Goodwin Frazier
Middle Schools Church Hill
High Schools Canyon
School District Comal
Others
Acceptable Financing Conventional, FHA, VA, Cash
Listing Terms Conventional, FHA, VA, Cash
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