509 W Park St
Fredericksburg, TX 78624
- – beds
- – baths
- 2,400 sqft
- ~2 acre lot
- $406 per sqft
- 2000 build
- – on site
Looking for a prime investment in Texas wine country? With an estimated cap rate of 7% and growth potential- These two duplexes in Fredericksburg, TX, built in 2000, and situated on over 2 acres, with gated entrance, offer an incredible investment opportunity. All four units are approximately 1,100 sq ft, 2bed /1 bath and are currently rented with three tenants on new one-year leases starting 9/1, 10/15, and 11/1, and the fourth tenant is on a month-to-month basis. This flexible setup allows for potential owner occupancy with a simple 30-day notice to the month-to-month tenant. The current rental income totals $6,910 per month or $82,920 annually, with rents at $1,800, $1,695, $1,695, and $1,720. With low property taxes of just $10,000 per year and tenants covering their own utilities, this property offers a strong cap rate. Whether you're an investor seeking a solid return or a buyer looking for a flexible living arrangement, this is a prime opportunity. Contact us today for financing options and to schedule a tour!
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Nov 11, 2024
•
MLS# 8082770 —
The Building
-
Year Built:2000
-
New Construction:false
-
Levels:Two
-
Foundation:Slab
-
Roof:Composition
-
Exterior Features:Balcony
-
Window Features:None
-
Patio And Porch Features:Deck
-
Accessibility Features:None
-
Direction Faces:South
Interior
-
Interior Features:Ceiling Fan(s)
-
Room Type:Bedroom
-
Flooring:Tile
-
Laundry Location:In Unit
Room Dimensions
-
Living Area:2400
-
Living Area Source:Public Records
Location
-
Directions:From E Main St, Turn South onto South State Hwy 16, then turn Right onto West Park St. Go towards dead end.
-
Latitude:30.271054
-
Longitude:-98.885235
The Property
-
Property Type:Residential Income
-
Subtype:Quadruplex
-
Property Condition:See Remarks
-
Parcel Number:509Park
-
Lot Features:Level
-
Lot Size Acres:2.31
-
Lot Size Area:2 Sqft
-
Lot Size SqFt:100623.6
-
View:Trees/Woods
-
Waterfront:false
-
Waterfront Features:None
-
Horse:false
-
Fencing:Fenced
-
Other Structures:Shed(s)
-
FEMA Flood Plain:No
Listing Agent
- Contact info:
- Agent phone:
- (512) 574-2969
- Office phone:
- (512) 574-2969
The Listing
-
Special Listing Conditions:Standard
-
Listing Terms:Conventional
-
Occupant Type:Tenant
Heating & Cooling
-
Heating:Central
-
Cooling:Central Air
Utilities
-
Utilities:Electricity Available
-
Sewer:Public Sewer
-
Water Source:Public
-
Electric On Property:true
Appliances
-
Appliances:Built-In Electric Oven
Schools
-
Elementary School:Fredericksburg
-
Elementary School District:Fredericksburg ISD
-
Middle Or Junior School:Fredericksburg
-
Middle Or Junior School District:Fredericksburg ISD
-
High School:Fredericksburg (Fredericksburg ISD)
-
High School District:Fredericksburg ISD
The Community
-
Subdivision Name:Out County
-
Community Features:Common Grounds
-
Pool Features:None
-
Pets Allowed:Cats OK
-
Association:false
Parking
-
Parking Features:Additional Parking
-
Garage:false
-
Attached Garage:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/7/24
Oct 7, 2024
|
Listed / Active | ABOR | $975,000 |
