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- Status: Active
- Property Type: Triplex
- County: Hays
- School District: Wimberley ISD
- Subdivision: Eagles Nest
- SqFt: 4,651
- $/SqFt: 169.64
- Lot Size: 2 acres
- Levels: One
- Built: 1979
- Est. Taxes: $12000
- Association/HOA : No
- Waterfront: No
- Private Pool: No
- Heating: Central, Electric
- Cooling: Central Air
- Interior Features: See Remarks
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.
- Construction Materials
- Wood Siding
- Roof
- Metal
- Exterior Features
- Balcony
- Green Energy Efficiency
- None
- Lot Features
- Irregular Lot, Views
- Patio and Porch Features
- Deck, Porch
- Waterfront Features
- None
- Appliances
- Dishwasher, Electric Range, Refrigerator, Washer
- Parking
- Parking Spaces None
- Garage Spaces None
- Parking Features Deck
- Community Features
- None
- Listing ID
- 7145847
- Sub Agency Compensation
- 2.5%
- Buyer Agency Compensation
- 2.5%
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Location
Schools
Elementary
Jacobs Well
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Middle School
Danforth
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High School
Wimberley
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