$2,200,000
7
Units
Property Type
One Story
Status
Active
Price Type
Distressed
Year Built
1865
Neighborhood
Country Hills
Days on Website
85
Property Map
$2,200,000 – 5441 Fm 1102, New Braunfels, TX 78132
Street View
Courtesy of Real, Amanda Mercer {attribution_contact}
Description
7 CAP RATE!!! SELLER FINANCING AVAILABLE – This mixed-use property is a total gem!! And income producing. Located just outside the historic Texas town of Gruene, these 2 lots sit on a road with high traffic & visibility. Zoned for commercial use, the property has 7 active leases in place: 2 short term rentals, 3 commercial leases & 2 long term residential. The listing includes 2 properties: 5441 & 5481 FM 1102. Unrestricted & outside city limits so there are no zoning restrictions which makes this property
Property Details and Features
Listing
- 85 cumulative days on market
- 84 days on market
- Listing date: 2024-10-29 05:00:00
- Price per square foot: $1,160
Location
- County: Comal
- Subdivision: COUNTRY HILLS
Bedrooms
- 3 bedrooms in unit 1
- 1 bedroom in unit 2
- 1 bedroom in unit 3
- 1 bedroom in unit 5
- 1 bedroom in unit 6
- 4 bedrooms in unit 7
Bathrooms
- 1 full bathroom in unit 1
- 1 full bathroom in unit 2
- 1 half bathroom in unit 3
- 1 full bathroom in unit 5
- 1 full bathroom in unit 6
- 2 full bathrooms in unit 7
- 1 half bathroom in unit 7
Accessibility Features
- Unit 1 disability access: Yes
- Unit 2 disability access: Yes
- Unit 3 disability access: Yes
- Unit 4 disability access: Yes
- Unit 5 disability access: Yes
- Unit 6 disability access: Yes
- Unit 7 disability access: Yes
- Ramped Entrance
Building
- 1,896 square feet
- 7 total units
- Approximate age: 159 years
- Built in 1865
- Builder: Unknown
- Other
- Furnished
- Other
- Other
- Other
- Other
- Other
Exterior Features
- Patio Slab
- Covered Patio
- Other
Floors
- Other
Foundation
- Other
Roof
- Other
Miscellaneous
- Net operating income: $153,300
- Unit 1 rent: $4,000
- Unit 2 rent: $2,000
- Unit 3 rent: $2,000
- Unit 4 rent: $1,000
- Unit 5 rent: $150
- Unit 6 rent: $150
- Unit 7 rent: $300
- 40% vacancy rate
- Annual operating expense: $24,900
- Gross annual income: $178,000
- Taxes
- Insurance
- Maintenance
- Management
Parking
- 7 parking spaces for unit 1
- Unit 1 parking type: Pad
- 1 parking space for unit 2
- Unit 2 parking type: Pad
- 18 parking spaces for unit 3
- Unit 3 parking type: Pad
- 1 parking space for unit 4
- Unit 4 parking type: Pad
- 1 parking space for unit 5
- Unit 5 parking type: Pad
- 1 parking space for unit 6
- Unit 6 parking type: Pad
- 2 parking spaces for unit 7
- Unit 7 parking type: Pad
Lot
- Lot size: 0.649
Schools
- School district: Comal
- Elementary school: Comal
- Middle school: Comal
- High school: Canyon
Cooling
- Other
Heating
- Electric
- Central
Utilities
- Separate Electric
- Separate Gas
- Separate Water
- Septic
Taxes
- Total tax amount: $11,000