$7,500,000
19
Units
Property Type
Two Story
Status
Active
Price Type
Distressed
Year Built
2020
Neighborhood
Sungate
Days on Website
716
Property Map
$7,500,000 – 2034 Rueben Rd, New Braunfels, TX 78130
Street View
Courtesy of Real, Dominique Jimenez {attribution_contact}
Description
19 total units; one of a kind investment opportunity on the booming I-35 Corridor. Minutes from San Antonio & Austin, these New Braunfels condominiums are in the prime location, making them ideal for long and short term rentals; minutes from Schlitterbahn, Texas State University & Gruene, TX. With limited inventory in this area due to phenomenal growth, Sungate has been able to retain majority of its original tenants and easily increase rent over each renewal. Built in 2020, this property is fully occupied and has seen a $1 million dollar valuation increase in the past year alone.
Property Details and Features
Listing
- 715 cumulative days on market
- 715 days on market
- Listing date: 2022-05-09 05:00:00
Location
- County: Guadalupe
- Subdivision: SUNGATE
Bedrooms
- 3 bedrooms in unit 1
- 3 bedrooms in unit 2
- 3 bedrooms in unit 3
- 3 bedrooms in unit 4
- 3 bedrooms in unit 5
- 3 bedrooms in unit 6
- 3 bedrooms in unit 7
- 3 bedrooms in unit 8
Bathrooms
- 2 full bathrooms in unit 1
- 1 half bathroom in unit 1
- 2 full bathrooms in unit 2
- 1 half bathroom in unit 2
- 2 full bathrooms in unit 3
- 1 half bathroom in unit 3
- 2 full bathrooms in unit 4
- 1 half bathroom in unit 4
- 2 full bathrooms in unit 5
- 1 half bathroom in unit 5
- 2 full bathrooms in unit 6
- 1 half bathroom in unit 6
- 2 full bathrooms in unit 7
- 1 half bathroom in unit 7
- 2 full bathrooms in unit 8
- 1 half bathroom in unit 8
Accessibility Features
- Unit 1 disability access: No
- Unit 2 disability access: No
- Unit 3 disability access: No
- Unit 4 disability access: No
- Unit 5 disability access: No
- Unit 6 disability access: No
- Unit 7 disability access: No
- Unit 8 disability access: No
Building
- 19 total units
- Approximate age: 3 years
- Built in 2020
- Builder: Tri-way Development
- Oven/Stove
- Disposal
- Dishwasher
- Washer Connection
- Dryer Connection
- Oven/Stove
- Disposal
- Dishwasher
- Washer Connection
- Dryer Connection
- Oven/Stove
- Disposal
- Dishwasher
- Washer Connection
- Dryer Connection
- Oven/Stove
- Disposal
- Dishwasher
- Washer Connection
- Dryer Connection
- Oven/Stove
- Disposal
- Dishwasher
- Washer Connection
- Dryer Connection
- Oven/Stove
- Disposal
- Dishwasher
- Washer Connection
- Dryer Connection
- Oven/Stove
- Disposal
- Dishwasher
- Washer Connection
- Dryer Connection
Exterior Features
- Patio Slab
- Covered Patio
- Double Pane Windows
- Stone/Rock
- Siding
Floors
- Carpeting
- Ceramic Tile
Foundation
- Slab
Roof
- Composition
Miscellaneous
- Net operating income: $330,280
- Unit 1 rent: $1,825
- Unit 2 rent: $1,825
- Unit 3 rent: $1,795
- Unit 4 rent: $1,825
- Unit 5 rent: $1,825
- Unit 6 rent: $1,795
- Unit 7 rent: $1,825
- Unit 8 rent: $1,795
- 0% vacancy rate
- Annual operating expense: $78,523
- Gross annual income: $408,705
- Taxes
- Management
- Services
Parking
- 4 parking spaces for unit 1
- Unit 1 parking type: Attached
- 4 parking spaces for unit 2
- Unit 2 parking type: Attached
- 4 parking spaces for unit 3
- Unit 3 parking type: Attached
- 4 parking spaces for unit 4
- Unit 4 parking type: Attached
- 4 parking spaces for unit 5
- Unit 5 parking type: Attached
- 4 parking spaces for unit 6
- Unit 6 parking type: Attached
- 4 parking spaces for unit 7
- Unit 7 parking type: Attached
- 4 parking spaces for unit 8
- Unit 8 parking type: Attached
Home Owner’s Association
- HOA name: SUNGATE
Schools
- School district: New Braunfels
- Elementary school: Call District
- Middle school: Call District
- High school: Call District
Cooling
- One Central
Heating
- Electric
- Central
Utilities
- Separate Electric
- Separate Water
Taxes
- Total tax amount: $38,067