1 of 3

Want to see this property?

400 Eagles Nest Dr

Wimberley, TX 78676

– beds
– baths
4,651 sqft
~2 acre lot
$169 per sqft
1979 build
– on site

Prime rental property for sale in Wimberley, TX. This Investment property on 2 acres of unrestricted land has a tri-plex building with Units 5, 6, 7, built in 2006 and additional land where a single row of building units 1, 2, 3 & 4 previously stood but were unfortunately lost in a fire in 2022. All tri-plex units are currently leased with 2 expiring in late spring of 2025. Healthy market rents are being achieved (1350.00 per month). New deck on all units on this well maintained property. The price is reflective of rent/price ratio and recent sales comps of near by small multi-unit properties in the past year. This valuation method takes into consideration the tri-plex income and the remaining unrestricted land value. The valuation does not take into consideration any pro-forma values for the previous properties nor does it apply a premium on the land where the properties previously were. The replacement of the previous 4 rental units and addition of more on the remaining land could easily double the value (or more) of this property allowing the investor to realize instant equity and cash flow for years to come in a thriving area for essentially replacement costs of the buildings. This is an experienced investors ideal property with the potential to be a long term hold. This is an excellent opportunity that doesn't come around often. Please contact agent for showing requests. Please do not disturb the tenants. All site visits should be facilitated through the listing agent.

Listing courtesy of ABOR / Michael Ashby / JBG Commercial

Last checked: Checking… • Last updated Mar 20, 2024 •

MLS# 7145847 —

The Building

Year Built:

1979
New Construction:

false
Levels:

One
Foundation:

Slab
Roof:

Metal
Exterior Features:

Balcony
Window Features:

Blinds
Patio And Porch Features:

Deck
Accessibility Features:

None
Direction Faces:

SW

Interior

Interior Features:

See Remarks
Room Type:

Primary Bedroom
Flooring:

Carpet
Laundry Location:

Main Level

Room Dimensions

Living Area:

4651
Living Area Source:

Public Records

Location

Directions:

Directions: N on RR 12 @ 3 miles, 200 yards past Skyline Dr is Eagles Nest. Turn and go up hill to triplex on right corner and turn in front of triplex. Short road in front of property is where 4 units used to be and is part of the property prime for rebuild of additional rental units.
Latitude:

30.037964
Longitude:

-98.099633

The Property

Property Type:

Residential Income
Subtype:

Triplex
Property Condition:

Resale
Parcel Number:

1006020007000008
Lot Features:

Irregular Lot
Lot Size Acres:

2
Lot Size Area:

2 Sqft
Lot Size SqFt:

87120
SqFt Total:

4651
View:

Hill Country
Waterfront:

false
Waterfront Features:

None
Horse:

false
Fencing:

Wire
Other Structures:

None
FEMA Flood Plain:

No

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

13653.4

The Listing

Special Listing Conditions:

Standard
Listing Terms:

Cash
Occupant Type:

Tenant

Heating & Cooling

Heating:

Central
Cooling:

Central Air

Utilities

Utilities:

Electricity Available
Sewer:

Septic Tank
Water Source:

Well
Electric On Property:

true

Appliances

Appliances:

Dishwasher

Schools

Elementary School:

Jacobs Well
Elementary School District:

Wimberley ISD
Middle Or Junior School:

Danforth
Middle Or Junior School District:

Wimberley ISD
High School:

Wimberley
High School District:

Wimberley ISD

The Community

Subdivision Name:

Eagles Nest
Community Features:

None
Association:

false

Parking

Parking Features:

Deck
Garage:

false
Attached Garage:

false

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
3/19/24 Mar 19, 2024	Listed / Active	ABOR	$789,000

Want a closer look?

Go see 400 Eagles Nest Dr

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in 78676

Similar sold homes

This multifamily located in TX 78676 is currently for sale for $789,000. 400 Eagles Nest Dr is a 4,651 square foot multifamily with – beds and – baths that has been on Estately for 249 days. This multifamily is in the attendance area of Danforth Junior High School, Jacob'S Well Elementary School, Wimberley High School, and Scudder Primary School.

Based on information from the Austin Board of REALTORS® and ACTRIS 2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.