400 Eagles Nest DR, Wimberley, TX 78676 (MLS # 7145847)
Twitter
Facebook
Email
|
Prime rental property for sale in Wimberley, TX. This Investment property on 2 acres of unrestricted land has a tri-plex building with Units 5, 6, 7, built in 2006 and additional land where a single row of building units 1, 2, 3 & 4 previously stood but were unfortunately lost in a fire in 2022. All tri-plex units are currently leased with 2 expiring in late spring of 2025. Healthy market rents are being achieved (1350.00 per month). New deck on all units on this well maintained property. The price is reflective of rent/price ratio and recent sales comps of near by small multi-unit properties in the past year. This valuation method takes into consideration the tri-plex income and the remaining unrestricted land value. The valuation does not take into consideration any pro-forma values for the previous properties nor does it apply a premium on the land where the properties previously were. The replacement of the previous 4 rental units and addition of more on the remaining land could easily double the value (or more) of this property allowing the investor to realize instant equity and cash flow for years to come in a thriving area for essentially replacement costs of the buildings. This is an experienced investors ideal property with the potential to be a long term hold. This is an excellent opportunity that doesn't come around often. Please contact agent for showing requests. Please do not disturb the tenants. All site visits should be facilitated through the listing agent.
| LAST UPDATED | 3/19/2024 | TRACT | Eagles Nest |
|---|---|---|---|
| YEAR BUILT | 1979 | COMMUNITY | Eagles Nest |
| COUNTY | Hays | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Jacobs Well |
|---|---|
| Jr. High School | Danforth |
| High School | Wimberley |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Electric Range, Refrigerator, Washer |
| AREA | HW |
| BUYER'S BROKERAGE COMPENSATION | 2.500 |
| CONSTRUCTION | Wood Siding |
| EXTERIOR | Balcony |
| HEAT | Central, Electric |
| INTERIOR | See Remarks |
| LOT | 2 acre(s) |
| LOT DESCRIPTION | Irregular Lot, Views |
| PARKING | Deck |
| SEWER | Septic Tank |
| STORIES | 1 |
| SUBDIVISION | Eagles Nest |
| TAXES | 13653.4 |
| UTILITIES | Electricity Available |
| WATER | Well |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Brandon
Gardner to contact you even if your name is on a Federal or State
"Do not call List".
Property listed by Michael Ashby, JBG Commercial
Based on information from the Austin Board of REALTORS ® (alternatively, from ACTRIS) for the period through 5/7/24 5:07 AM PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This IDX solution is (c) Diverse Solutions 2024.