Property Type One Story
Status New
Price Type
Distressed
Year Built 2011
Neighborhood Kuehler Add
Days on Website 3

Property Map

$625,000 – 362 E Faust St, New Braunfels, TX 78130

Street View

Courtesy of Keller Williams Heritage, Romel Gregorio {attribution_contact}

Description

Welcome to 362 E. Faust St. in the heart of vibrant New Braunfels! This well-maintained duplex, built in 2011, offers an incredible opportunity for comfortable living or investment. With a total of 2,160 square feet, each side features 1,080 square feet of well-designed living space, including 3 bedrooms, 2 baths, and an attached single-car garage. Both units are fully leased, providing immediate and reliable rental income for investors. Each unit boasts spacious interiors with open floor plans, a covered patio, and a shaded backyard, perfect for outdoor relaxation or entertaining. The layout is ideal for families, professionals, or tenants seeking the perfect balance of functionality and comfort. This property also allows for short-term rentals, making it an exceptional investment opportunity in a highly desirable area. Just moments from the historic Faust Street Bridge and the Guadalupe River, the property offers easy access to recreational activities and the charm of downtown New Braunfels. Also for sale just two doors down is another duplex (388 E. Faust St.) identical to this one, presenting a rare opportunity to expand your investment portfolio with ease. Whether you’re looking to invest in a single property or secure two well-performing assets, these duplexes check all the boxes. Don’t miss your chance to own turnkey investments in one of New Braunfels’ most sought-after locations.

Property Details and Features

Listing

  • 2 cumulative days on market
  • 2 days on market
  • Listing date: 2024-11-18 06:00:00
  • Price per square foot: $289

Location

  • County: Comal
  • Subdivision: KUEHLER ADD

Bedrooms

  • 3 bedrooms in unit 1
  • 3 bedrooms in unit 2

Bathrooms

  • 2 full bathrooms in unit 1
  • 2 full bathrooms in unit 2

Accessibility Features

  • Unit 1 disability access: No
  • Unit 2 disability access: No

Building

  • 2,160 square feet
  • 2 total units
  • Approximate age: 13 years
  • Built in 2011
  • Builder: Unknown
  • Oven/Stove
  • Disposal
  • Dishwasher
  • Refrigerator
  • Washer Connection
  • Dryer Connection
  • Oven/Stove
  • Disposal
  • Dishwasher
  • Refrigerator
  • Washer Connection
  • Dryer Connection

Exterior Features

  • Covered Patio
  • Brick

Floors

  • Stained Concrete

Foundation

  • Slab

Roof

  • Composition

Miscellaneous

  • Net operating income: $40,519
  • Unit 1 rent: $1,800
  • Unit 2 rent: $1,850
  • 0% vacancy rate
  • Annual operating expense: $2,681
  • Gross annual income: $43,200
  • Insurance
  • Maintenance
  • Services

Parking

  • 5 parking spaces for unit 1
  • Unit 1 parking type: Attached
  • 5 parking spaces for unit 2
  • Unit 2 parking type: Attached

Lot

  • Lot size: 0.19

Property

  • Zoning: C3

Schools

  • School district: New Braunfels
  • Elementary school: New Braunfel
  • Middle school: New Braunfel
  • High school: New Braunfel

Cooling

  • Two Central

Heating

  • Electric
  • 2 Units

Utilities

  • Separate Electric
  • Separate Water
  • City

Taxes

  • Total tax amount: $9,033

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