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Courtesy of D. Lee Edwards Realty, Inc., Francene Larrabee {attribution_contact}
Description
Prime investment opportunity! This charming duplex featuring two 2 bed, 1.5 bath rentals in the desirable Summerwood subdivision offers a great location on a quiet cul-de-sac. Enjoy a spacious fenced yard with no rear neighbors and easy access to shopping, schools, and highways. Updates over the last few years include a new roof (2013), updated kitchen and vinyl plank flooring in unit 505, along with a new walk-in shower and tile as well as a new sprinkler system in 2022. Unit 507 has an updated AC unit, water heater, garage door opener and recent interior paint completed in 2023. Carpet was also replaced in 2019 in this unit. The kitchens are complete with refrigerator, stove, and dishwasher. Both units are leased: one unit is leased until Jul ’24 and the other Jan ’25! Summerwood Park amenities include a paved walking trail, tennis court, picnic areas, and a dock with relaxing views of the Guadalupe River. Don’t miss out on this fantastic investment opportunity!
Property Details and Features
Exterior Features
- Stone/Rock
- Wood
- Covered Patio
- 3 Sides Masonry
Listing
- 16 cumulative days on market
- 16 days on market
- Listing date: 2024-02-08 06:00:00
- Price per square foot: $219
Location
- County: Comal
- Subdivision: SUMMERWOOD
Bedrooms
- 2 bedrooms in unit 1
- 2 bedrooms in unit 2
Bathrooms
- 1 full bathroom in unit 1
- 1 half bathroom in unit 1
- 1 full bathroom in unit 2
- 1 half bathroom in unit 2
Accessibility Features
- Unit 1 disability access: No
- Unit 2 disability access: No
Building
- 1,896 square feet
- 2 total units
- Approximate age: 41 years
- Built in 1983
- Builder: Unknown
- Not Applicable
- Not Applicable
Floors
- Carpeting
- Vinyl
Foundation
- Slab
Roof
- Composition
Miscellaneous
- Net operating income: $0
- Unit 1 rent: $1,350
- Unit 2 rent: $1,350
- 0% vacancy rate
- Annual operating expense: $0
- Gross annual income: $32,400
- Not Applicable/None
- Other
Parking
- 1 parking space for unit 1
- Unit 1 parking type: Attached
- 1 parking space for unit 2
- Unit 2 parking type: Attached
Home Owner’s Association
- HOA name: SUMMERWOOD POA
Lot
- Lot size: 0.368
Schools
- School district: Comal
- Elementary school: Goodwin Frazier
- Middle school: Church Hill
- High school: Canyon
Cooling
- Two Central
Heating
- Electric
- Other
- Central
- 2 Units
Utilities
- Separate Electric
- Separate Gas
- Separate Water
- City
Taxes
- Total tax amount: $6,055