Property Map
Street View
Courtesy of Hi Energy Realty, Andrea Dusang-Cramer {attribution_contact}
Description
What an amazing investment opportunity! **Seller Financing Available with GREAT terms!** Your chance to own a little piece of the Hill Country and still have the availability to earn income. Three great units (all have tenants in place) with nice outdoor spaces to enjoy the fall weather. Unit A is a one bedroom, one bath with nice galley kitchen open to the spacious living room. Unit A also features a double carport. Unit B is a large 2 bedroom, 2 bathroom with a HUGE open living/dining area with vaulted ceilings. Enjoy evenings on the large, enclosed deck. This unit is fenced. Unit C is also a one bedroom, one bathroom with a comfortable, covered front and back porch. Large workshop/shed with washer and dryer connections. Driveway repaved December 2023, major paint and wood repairs to Unit A, B and pump house 2022 and 2023, well expansion and pump work done in 2022/2023. Property is conveniently located just 30 mins from San Antonio and 30 mins from Bandera. Also convenient to Medina Lake so you will be ready when the beautiful lake comes back!.
Property Details and Features
Listing
- 441 cumulative days on market
- 75 days on market
- Listing date: 2024-09-09 05:00:00
- Price per square foot: $112
Location
- County: Bandera
- Subdivision: AVALON
Bedrooms
- 1 bedroom in unit 1
- 2 bedrooms in unit 2
- 1 bedroom in unit 3
Bathrooms
- 1 full bathroom in unit 1
- 2 full bathrooms in unit 2
- 1 full bathroom in unit 3
Accessibility Features
- Unit 1 disability access: No
- Unit 2 disability access: No
- Unit 3 disability access: No
Building
- 2,120 square feet
- 3 total units
- Approximate age: 37 years
- Built in 1987
- Builder: Unk
- Oven/Stove
- Refrigerator
- Washer Connection
- Dryer Connection
- Window Coverings
- Oven/Stove
- Dishwasher
- Refrigerator
- Washer Connection
- Dryer Connection
- Window Coverings
- Oven/Stove
- Refrigerator
- Washer Connection
- Dryer Connection
Exterior Features
- Patio Slab
- Covered Patio
- Mature Trees
- Cable TV Available
- Mature Trees (ext feat)
- Level
- Lake Medina
- Siding
Floors
- Ceramic Tile
- Wood
- Laminate
Foundation
- Slab
Roof
- Composition
- Metal
Miscellaneous
- Net operating income: $6,871
- Unit 1 rent: $800
- Unit 2 rent: $1,200
- Unit 3 rent: $800
- 0% vacancy rate
- Annual operating expense: $26,729
- Gross annual income: $33,600
- Not Applicable/None
Parking
- 2 parking spaces for unit 1
- Unit 1 parking type: Carport
- 1 parking space for unit 2
- Unit 2 parking type: Pad
- 1 parking space for unit 3
- Unit 3 parking type: Pad
Lot
- Lot size: 0.351
Schools
- School district: Bandera Isd
- Elementary school: Hill Country
- Middle school: Bandera
- High school: Bandera
Cooling
- Unit Central
- Window/Wall
Heating
- Electric
- Other
Utilities
- Separate Electric
- Common Water
- Septic
- Electric utility supplier: BEC
- Garbage utility supplier: Private
- Water utility supplier: Well
- Sewer utility supplier: Septic
Taxes
- Total tax amount: $1,744