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Courtesy of RE/MAX GO – NB, Brandon Torres {attribution_contact}
Description
Exclusive Investment Opportunity – By Appointment Only. Discover a unique portfolio offering with this fully occupied ensemble of six duplex rental units, guaranteeing immediate income. The property doesn’t just end here; it also encompasses five ready-to-develop vacant lots, each with city utilities already established, opening the door to boundless opportunities for retail or additional residential projects. Prospective buyers are invited to explore the vast potential of this versatile property, subject to showcasing proof of funds. Please note, the seller is committed to preserving the integrity of this investment package and will not consider sub-division. Secure your appointment today to uncover the possibilities that await in this prime investment opportunity.
Property Details and Features
Listing
- 270 cumulative days on market
- 85 days on market
- Listing date: 2024-02-08 06:00:00
- Price per square foot: $173
Location
- County: Wilson
- Subdivision: N/A
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
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
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
Building
- 8,250 square feet
- 6 total units
- Approximate age: 6 years
- Built in 2018
- Builder: Moody
- Oven/Stove
- Oven/Stove
- Oven/Stove
- Oven/Stove
- Oven/Stove
- Oven/Stove
Exterior Features
- Cable TV Available
- Cement Fiber
Floors
- Laminate
Foundation
- Slab
Roof
- Metal
Miscellaneous
- Net operating income: $76,300
- 0% vacancy rate
- Annual operating expense: $20,000
- Gross annual income: $96,300
- Taxes
- Insurance
- Licenses/Permits
Parking
- 4 parking spaces for unit 1
- Unit 1 parking type: Carport
- 4 parking spaces for unit 2
- Unit 2 parking type: Carport
- 4 parking spaces for unit 3
- Unit 3 parking type: Carport
- 4 parking spaces for unit 4
- Unit 4 parking type: Carport
- 4 parking spaces for unit 5
- Unit 5 parking type: Carport
- 4 parking spaces for unit 6
- Unit 6 parking type: Carport
Lot
- Lot size: 2.63
Schools
- School district: Floresville Isd
- Elementary school: Floresville
- Middle school: Floresville
- High school: Floresville
Cooling
- Unit Central
Heating
- Electric
- Central
Utilities
- Separate Electric
- Separate Gas
- Separate Water
- City
- Electric utility supplier: Felps
- Water utility supplier: City
Taxes
- Total tax amount: $1,813