Listing Courtesy of: Michelle Adams - Austin Investment & Relocation Property Group
512-574-2969
$975,000
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509 W Park St Fredericksburg, TX 78624
Fourplex
Residence
Beds
Baths
Sq. Ft.
2
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
Saves
Looking for a prime investment in Texas wine country? With an estimated cap rate of 7% and growth potential- These two duplexes in Fredericksburg, TX, built in 2000, and situated on over 2 acres, with gated entrance, offer an incredible investment opportunity. All four units are approximately 1,100 ...sq ft, 2bed /1 bath and are currently rented with three tenants on new one-year leases starting 9/1, 10/15, and 11/1, and the fourth tenant is on a month-to-month basis. This flexible setup allows for potential owner occupancy with a simple 30-day notice to the month-to-month tenant. The current rental income totals $6,910 per month or $82,920 annually, with rents at $1,800, $1,695, $1,695, and $1,720. With low property taxes of just $10,000 per year and tenants covering their own utilities, this property offers a strong cap rate. Whether you're an investor seeking a solid return or a buyer looking for a flexible living arrangement, this is a prime opportunity. Contact us today for financing options and to schedule a tour!
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MLS#
8082770
Property Type
Fourplex
Year Built
2000
Lot Size
2
Stories
2.0
Sewer
Public Sewer
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