$525,000
8
Units
Property Type
One Story
Status
Active
Price Type
Distressed
Year Built
Neighborhood
Bandera Ranch Acres
Days on Website
89
Property Map
$525,000 – 1743 Big Meadows Dr, Bandera, TX 78003
Street View
Courtesy of Emmons Real Estate, Thad Emmons {attribution_contact}
Description
Great investment opportunity, very well set up, 8 single wide manufactures homes on 5 acres, all 3 bedrooms 2 baths, all 8 lease for $600 per month, fully occupied, month to month leases only with 30 day grace period for paying rent. Water well system, septic system, and trash dumpster. Water and trash included in rent, tenants pay electric. There is BEC Fiber internet available to the tenants.
Property Details and Features
Listing
- 90 cumulative days on market
- 90 days on market
- Listing date: 2024-01-27 06:00:00
- Price per square foot: $55
Location
- County: Bandera
- Subdivision: BANDERA RANCH ACRES
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
- 2 full bathrooms in unit 2
- 2 full bathrooms in unit 3
- 2 full bathrooms in unit 4
- 2 full bathrooms in unit 5
- 2 full bathrooms in unit 6
- 2 full bathrooms in unit 7
- 2 full bathrooms 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
- 9,600 square feet
- 8 total units
- Built in U
- Builder: Unk
- Oven/Stove
- Refrigerator
- Washer Connection
- Dryer Connection
- Oven/Stove
- Refrigerator
- Washer Connection
- Dryer Connection
- Oven/Stove
- Refrigerator
- Washer Connection
- Dryer Connection
- Oven/Stove
- Refrigerator
- Oven/Stove
- Refrigerator
- Washer Connection
- Dryer Connection
- Oven/Stove
- Refrigerator
- Washer Connection
- Dryer Connection
- Oven/Stove
- Refrigerator
- Washer Connection
- Dryer Connection
Exterior Features
- Mature Trees
- Level
- Siding
Floors
- Laminate
Roof
- Metal
Miscellaneous
- Net operating income: $42,135
- Unit 1 rent: $600
- Unit 2 rent: $600
- Unit 3 rent: $600
- Unit 4 rent: $600
- Unit 5 rent: $600
- Unit 6 rent: $600
- Unit 7 rent: $600
- Unit 8 rent: $600
- 2% vacancy rate
- Annual operating expense: $15,465
- Gross annual income: $57,600
- Taxes
- Insurance
- Maintenance
- All Utilities
- Equipment
- Services
Parking
- 2 parking spaces for unit 1
- Unit 1 parking type: Pad
- 2 parking spaces for unit 2
- Unit 2 parking type: Pad
- 2 parking spaces for unit 3
- Unit 3 parking type: Pad
- 2 parking spaces for unit 4
- Unit 4 parking type: Pad
- 2 parking spaces for unit 5
- Unit 5 parking type: Pad
- 2 parking spaces for unit 6
- Unit 6 parking type: Pad
- 2 parking spaces for unit 7
- Unit 7 parking type: Pad
- 2 parking spaces for unit 8
- Unit 8 parking type: Pad
Lot
- Lot size: 5
Property
- Zoning: RESIDENTIAL
Schools
- School district: Bandera Isd
- Elementary school: Alkek
- Middle school: Bandera
- High school: Bandera
Cooling
- One Central
Heating
- Electric
- Central
Utilities
- Separate Electric
- Septic
- Gas utility supplier: N/A
- Electric utility supplier: BEC
- Garbage utility supplier: Dumpster
- Water utility supplier: Well
- Sewer utility supplier: Septic
- Other utility supplier: BEC FIBER
Taxes
- Total tax amount: $4,865