MLS# 1819608 – 5441 Fm 1102, New Braunfels, TX 78132

$2,200,000 - Br/Ba - for Sale in Country Hills, New Braunfels
Price: $2,200,000
Units: 7
Property Type: One Story
Status: Active
Year Built: 1865
Neighborhood: Country Hills
Days on Website: 85

Courtesy of Real, Amanda Mercer {attribution_contact}

Property 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

Property Map

$2,200,000 – 5441 Fm 1102, New Braunfels, TX 78132

Street View

Nearby Schools

Print Options

Select the items on the page that you would like to print. This "Print Options" block will not be printed.

Main Photo Main Details Property Description Property Features
Additional Photos Addtl Photos Size Location Map Schools