🚨New Braunfels 8 unit🚨

Comal County, New Braunfels, TX, 78130
Sold
Listed at: March 14th, 2023
Price
$675,000
ARV
$1,100,000
Gross Margin
$425,000
Sq. Footage
3640
Type
Multifamily
Parking
Off street
Year build
1984
Lot size
0.37 acres
Bedrooms
10
Bathrooms
16
Half Bathrooms
0
Summary



Multi Family in the fastest growing city in the US! This can easily be a cash cow opportunity! Short term rentals or upgrade units and increase rents


LONG TERM TENANTS ON M2M:


(6) 1BD 1.5BTH and (2) 2BD 1.5BTH's all between 900-1000 sqft


Unit 1: 1bed 1.5bath Rent: $685 Market: $950-$1050

Unit 2: 2bed 1.5bath Rent: $795 Market: $1150-$1350

Unit 3: 2bed 1.5bath Rent: $785 Market: $1150-$1350

Unit 4: 1bed 1.5bath Rent: $685 Market: $950-$1050

Unit 5: 1bed 1.5bath Rent: $660 Market: $950-$1050

Unit 6: 1bed 1.5bath Rent: $685 Market: $950-$1050

Unit 7: 1bed 1.5bath Rent: $685 Market: $950-$1050

Unit 8: 1bed 1.5bath Rent: $660 Market: $950-$1050


Total Current: $5640

Total Market: $8000-$9000


7 units in GREAT shape, need paint and carpet. 1 unit needing repairs.


Property Condition is 85/100!



Stabilized CAP 8.34%



ALL PICTURES AND VIDEOS:

https://drive.google.com/drive/folders/1-CCsWEpKqz6Aa5_i2C-pjlZ1Mn6N7o9k?usp=share_link


*any unit has the room to be converted "if '' looking for anymore forced appreciation.


*could be a great section 8 play, minimal section 8 housing in new braunfels, and minimal repairs*


1044 Linde is newly renovated and leased

2 units 1/1.5 @ 950

6 units 2/1.5 @ 1150

8 units total


610 Butcher Sold at $945,000

all 1/1's

8 units total


Asking: $675,000

💰ZESTIMATE: $1,039,600.00💰

EMD: $15,000



📞GIVE ELIZABETH A CALL OR SHOOT HER A TEXT

MESSAGE FOR MORE INFO

ON THIS OPPORTUNITY! (210-901-0149)



Please do your own due diligence. Property is being sold as-is and the buyer is to pay ALL closing costs. Price based on a cash or hard money offer. All properties offered are either owned by us, under contract and selling equitable interest, or offered in conjunction with a business associate. Agents, please add your commission to the sales price paid for by the buyer. NOTE: YOU ARE STRICTLY PROHIBITED FROM CONTACTING ANY SELLER OR OTHERWISE USING ANY INFORMATION PROVIDED TO YOU UNLESS YOU HAVE THE EXPRESS WRITTEN CONSENT. Any property information received by you is proprietary information belonging to any of our company LLCs and its affiliates. Any transaction consummated by you will be pursuant to an assignment of one of our acquisitions LLC's Contract. Any unauthorized contact will be considered INTENTIONAL INTERFERENCE with a contract and may result in legal action being taken against you. Buyers are asked to perform their due diligence.
Videos

interior

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Elizabeth Giguere

★★★★★
★★★★★
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Disposition manager