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Dainelle Scott

Team Owner | Rise Property Group | Keller Williams Boerne | PLACE

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1402 N Adams St. , Fredericksburg, TX 78624
$990,000
Est. Payment: $2,200.00/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 18
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House Description

Premier Fredericksburg 6-Plex | Fully Leased Investment Opportunity Exceptional six-unit multifamily property presents a rare opportunity to acquire a fully leased, income-producing asset in one of the Texas Hill Country's most desirable investment markets. Located at 1402 N. Adams Street in Fredericksburg, this well-maintained apartment community offers immediate cash flow, six income-producing units, and outstanding long-term investment potential. With approximately 4,646 square feet the property is currentlyoccupied, with all six units leased under fixed-term agreements, providing investors with rental income from day one. Multifamily properties of this size and quality rarely become available in Fredericksburg, making this an exceptional opportunity for investors seeking dependable cash flow and long-term appreciation. Residents enjoy convenient access to Historic Main Street, shopping, restaurants, schools, healthcare, local employers, and the renowned wineries that have made Fredericksburg one of Texas' premier destinations. Fredericksburg's continued population growth, strong local economy, and limited multifamily inventory continue to support a healthy rental market and lon

Highlights

Listed by Kimberly Bowling , 9362033351 Compass RE Texas, LLC , 2148148100.

Property Type

Multi-Family

Lot/Acreage
0.28

Year Built

1980

County

Gillespie

Area

84-Gillespie County

Neighborhood

Sand Castle (GILL)

Listing ID

125331

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Appliances:Dishwasher, Range-Electric, Refrigerator
Air Cond:Central,Electric
Fireplaces:
Floor:Vinyl
Other:
  • Additional:Other-See Remarks
Water:Public

Exterior Features

Lot:Corner Lot
Zoning:Fredericksburg
Roof:Composition
Others:
  • Additional:Double Pane Windows
Sewer:Public Sewer
Parking Features:No Garage/Carport
Principal Interest
$2,200
Taxes
$631

Home Price

$990,000

Loan Details

30 yrs
%

Down Payment

20%
$198,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,200.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,200.00 $631.13 $0.00 $2,831.13
Yearly $26,400.00 $7,573.50 $0.00 $33,973.50
Total $792,000.00 $227,205.00 $0.00 $1,019,205.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Fredericksburg, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.