Property Type One Story
Status Pending
Price Type
Distressed
Year Built 1983
Neighborhood Summerwood
Days on Website 86

Property Map

$414,590 – 505 & 507 Riverside Drive, New Braunfels, TX 78130

Street View

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

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.