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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
9 Bed
6 Bath
4646 Sqft
Status: Active | Days on site: 11
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REAU00 - 48205
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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 long-term investment value. Whether you're expanding an existing portfolio, completing a 1031 exchange, or acquiring your first multifamily investment, this property offers six leased units in one of the strongest rental markets in the Texas Hill Country. Investment Highlights occupied with all six units under fixed-term leases Immediate rental income at closing Six income-producing residential units Approximately 4,646 square feet. Survey 12,242 (.281 Acres) Strong, cash-flow opportunity Excellent long-term investment potential Minutes from Historic Main Street Convenient access to shopping, dining, schools, healthcare, and local employers Ideal for investors or 1031 exchange buyers Located in one of Texas' premier Hill Country communities with strong rental demand Investment opportunities like this are increasingly rare in Fredericksburg. This fully leased six-plex offers the ideal combination of immediate income, long-term appreciation potential, and a prime location in one of Texas' most desirable real estate markets.

Highlights

Listed by Kimberly Bowling , (936) 203-3351 Compass RE Texas, LLC - SA , (936) 203-3351.

Property Type

Multi-Family

Lot/Acreage
0.28

Year Built

1980

County

Gillespie

Area

3100

Neighborhood

Sandcast

School District

Fredericksburg

Listing ID

2011635

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:9
  • Bathrooms:6
  • Full Bathrooms:6
Air Cond:One Central
Fireplaces:

Exterior Features

Zoning:R2
Roof:Composition
Others:
  • Additional:Not Applicable/None
Sewer:City
Principal Interest
$2,200
Taxes
$433

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 $432.50 $0.00 $2,632.50
Yearly $26,400.00 $5,190.00 $0.00 $31,590.00
Total $792,000.00 $155,700.00 $0.00 $947,700.00

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.