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505 & 507 Riverside Drive

New Braunfels, TX 78130

– beds
– baths
1,896 sqft
16,030 sqft lot
$218 per sqft
1983 build
– on site

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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!

Listing courtesy of SABOR / D. Lee Edwards Realty, Inc.

Last checked: Checking… • Last updated Jan 24, 2025 •

MLS# 1750219 —

The Building

Year Built:

1983
Approx Age:

41
Construction:

Pre-Owned
Builder Name:

Unknown
Type:

One Story
Exterior:

3 Sides Masonry, Stone/Rock, Wood
Exterior Features:

Covered Patio
Roofing:

Composition
Foundation:

Slab
Total Units:

2
Total SqFt:

1896
SqFt Source:

Appsl Dist

Interior

Flooring:

Carpeting, Vinyl

Financial & Terms

Potential Short Sale:

No

Location

Directions:

From TX 46 E/Tx 337 Loop E take a right onto Summerwood Dr and then turn right onto Riverside Dr.

The Property

Area:

2622
Legal Desc-Lot:

21
Lot Size:

0.368
Price Per SqFt:

$218.66

Listing Agent

Contact info:

Taxes

Tax Property ID:

520208014200
Total Taxes:

$6,054.51
Taxed by Multiple Counties:

No

Heating & Cooling

Heat:

Central, 2 Units
Heating Fuel:

Electric, Other
Air Conditioning:

Two Central

Utilities

Water/Sewer:

City
Meters:

Separate Electric, Separate Gas, Separate Water

Schools

Elementary School:

Goodwin Frazier
Middle School:

Church Hill
High School:

Canyon
School District:

Comal

The Community

Subdivision:

SUMMERWOOD
SUMMERWOOD 6

Subdivision:
HOA:

Mandatory
HOA Name:

SUMMERWOOD POA
HOA Fees:

$110
HOA Fee Paid:

Annually

Extra Units

Unit 1 Bedrooms:

2
Unit 1 Parking Type:

Attached
Unit 1 Handicap Access:

No
Unit 1 # Parking Spaces:

1
Unit 1 Full Baths:

1
Unit 1 Includes:

Not Applicable
Unit 2 Includes:

Not Applicable
Unit 2 Bedrooms:

2
Unit 1 Half Baths:

1
Unit 2 Half Baths:

1
Unit 2 Full Baths:

1
Unit 2 Handicap Access:

No
Unit 2 Parking Type:

Attached
Unit 2 # Parking Spaces:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
5/31/24 May 31, 2024	Sold	SABOR	$414,590
2/25/24 Feb 25, 2024	Pending	SABOR	$414,590
2/8/24 Feb 8, 2024	Listed / Active	SABOR	$414,590

Multifamily Sold

$414,590

Listing provided by broker:

Francene Larrabee

D. Lee Edwards Realty, Inc.

(830) 620-7653

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Listing Provided Courtesy of D. Lee Edwards Realty, Inc.

The information included in this listing is provided by SABOR exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. All information provided is deemed reliable but is not guaranteed by Estately or SABOR and should be independently verified.

505 & 507 Riverside Drive

New Braunfels, TX 78130