$14,000,000
90,960 SqFt
32 Acre Lot
1,393,920 Sqft Lot
Price Type
Status Active
Property Type Apts/retail/strip/busprk
Year Built 2005
Days on Website 26

Property Map

$14,000,000 – 214 Windmill Hill, Seguin, TX 78155

Street View

Courtesy of Amberson Realty, Anita Reeves.

Description

Large scale rental community! 66 houses, 18 manufactured homes, 7 lots for rent to mobile homes, and room to expand up to 30 more houses on 7 tax parcels totaling more than 32 acres. Great location, just off Highway 46, 4 miles to Seguin, 6 miles to New Braunfels in booming area. possible owner carry at 6% with 20% down payment. monthly debt service would be $67,000. Super low taxes,Current rent roll is $400 per unit below market for the area, as current owner has not raised rents in more than 10 years. Current cap rate at 5.54, but easily improved to over 13% with minimal rent increases and seller financing . All properties have city water, city electric, individual septic systems. Multiple wells on property, used for landscape water source. Just 1/2 mile to Guadalupe River. all measurements and numbers are approximate and to the best of our knowledge

Property Details and Features

Listing

  • Listing date: 2023-01-03 06:00:00
  • 26 days on market
  • 26 cumulative days on market
  • $155 per square foot

Location

  • County: Guadalupe
  • Area: 2705

House

  • Apartment is 90,960 square feet
  • Built in 2005
  • Approximate age: 18
  • Building/center name: WINDMILL HILL
  • Gross building area: 90,960 square feet
  • Wood
  • 90,293 square feet
  • 1 story
  • 500 warehouse/industrial square feet
  • 67 buildings

Foundation

  • Slab

Roof

  • Composition

Interior Features

  • Ceiling height: 8

Cooling

  • Central

Heating

  • Central

Lot

  • Lot size: 32

Property

  • Zoning: MULTI FAMILY

Schools

  • School district: Navarro Isd

Miscellaneous

  • Gross income: 1344000.00
  • Net operating income: $1,189,000
  • Monthly lease: $0
  • Insurance: 33000.00
  • None
  • Estimated
  • None
  • No
  • Subdivision
  • Maintenance: 45000.00
  • 2 drive-in doors
  • 91 rentals
  • 260 parking spaces
  • 67 units
  • Other tax: 1609.00

Taxes

  • Total tax: $56,849
  • Annual tax: $60,000
  • City tax: $0
  • County tax: $12,091
  • $43,149 school tax
  • Property Tax ID: 1G3639000100030000

Utilities

  • Gas and electric: 4000.00
  • Waste removal: 9000.00
  • Electricity
  • Water
  • Telephone
  • Septic
  • Cable TV

Request More Info

  • This field is for validation purposes and should be left unchanged.

Schedule a Showing

  • This field is for validation purposes and should be left unchanged.