Property Map
Street View
Courtesy of Real, Yan Yan {attribution_contact}
Description
A rare opportunity to live by the river and own 7 units multifamily apartment complex with a million dollar view in New Braunfels, the fastest growing city in South Texas. The property sits on almost an acre land, and on the high bank of Guadalupe river, just a couple of block away from IH35. Neighborhood is conveniently located near Schlitterbahn water park, Landa Park Golf Course, and Historical Downtown New Braunfels! Tanger & Prime outlet mall is only 12 miles away! Kayaking, paddle boarding, or swimming from your own water front back yard! Many unites have been used as AirBnB in the past. This property has two large 3-bedroom, 2-bath apartments, one efficiency, four 1-bedroom apartments. The apartments currently are 100% occupied. Most tenants have stayed many years. (Up to 12 years.) The shaded yard is facing beautiful river. The river level will be higher after the dam completion in later (Per seller after July 31, 2023). The Upstairs large apartment and the efficiency unit have large windows in their living rooms with river view.
Property Details and Features
Listing
- 339 cumulative days on market
- 339 days on market
- Listing date: 2023-05-11 05:00:00
- Price per square foot: $288
Location
- County: Comal
- Subdivision: RIVER – GUADALUPE COUNTY
Bedrooms
- 3 bedrooms in unit 1
- 3 bedrooms in unit 2
- 1 bedroom in unit 3
- 1 bedroom in unit 4
- 1 bedroom in unit 5
- 1 bedroom in unit 6
- 1 bedroom in unit 7
Bathrooms
- 2 full bathrooms in unit 1
- 1 half bathroom in unit 1
- 2 full bathrooms in unit 2
- 1 full bathroom in unit 3
- 1 full bathroom in unit 4
- 1 full bathroom in unit 5
- 1 full bathroom in unit 6
- 1 full bathroom in unit 7
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
Building
- 6,245 square feet
- 7 total units
- Approximate age: 51 years
- Built in 1972
- Builder: Unknown
- Oven/Stove
- Disposal
- Dishwasher
- Refrigerator
- Washer Connection
- Dryer Connection
- Oven/Stove
- Disposal
- Dishwasher
- Washer Connection
- Dryer Connection
- Oven/Stove
- Dishwasher
- Washer Connection
- Dryer Connection
- Oven/Stove
- Dishwasher
- Washer Connection
- Dryer Connection
- Oven/Stove
- Dishwasher
- Washer Connection
- Dryer Connection
- Oven/Stove
- Dishwasher
- Stacked Washer/Dryer
- Washer Connection
- Oven/Stove
- Dishwasher
- Washer Connection
- Dryer Connection
Exterior Features
- Water Front Improved
- Mature Trees (ext feat)
- Improved Water Front
- Guadalupe River
- Water Access
- Brick
- Siding
Floors
- Carpeting
- Wood
- Laminate
Foundation
- Slab
Roof
- Composition
Miscellaneous
- Net operating income: $93,900
- Unit 1 rent: $100
- Unit 2 rent: $100
- Unit 3 rent: $100
- Unit 4 rent: $100
- Unit 5 rent: $100
- Unit 6 rent: $100
- Unit 7 rent: $100
- 0% vacancy rate
- Annual operating expense: $0
- Gross annual income: $93,900
- Taxes
- Insurance
- Maintenance
- Management
- Licenses/Permits
- Equipment
- Other
Parking
- 2 parking spaces for unit 1
- Unit 1 parking type: Attached
- 2 parking spaces for unit 2
- Unit 2 parking type: Pad
- 1 parking space for unit 3
- Unit 3 parking type: Pad
- 1 parking space for unit 4
- Unit 4 parking type: Pad
- 1 parking space for unit 5
- Unit 5 parking type: Pad
- 1 parking space for unit 6
- Unit 6 parking type: Pad
- 1 parking space for unit 7
- Unit 7 parking type: Pad
Lot
- Lot size: 0.9722
Property
- Zoning: R3
Schools
- School district: New Braunfels
- Elementary school: Call District
- Middle school: Call District
- High school: Call District
Cooling
- Unit Central
- Window/Wall
- Three+ Central
Heating
- Natural Gas
- Heat Pump
Utilities
- Common Water
- Common Electric
- City
Taxes
- Total tax amount: $13,154