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Dainelle Scott

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

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12064 Park Road 37 , Lakehills, TX 78063
$130,000
Est. Payment: $288.89/mo
2 Bed
1 Bath
15500 Sqft
Status: Active | Days on site: 454
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LRCG00 - 127207
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House Description

Major price reduction! Take advantage of this multi-unit property with opportunities for upside and value-add! Located in the high-growth corridor northwest of San Antonio on Park Road 37, this unrestricted property offers a 33% pro-forma cap rate solely from projected rental income. Day one provides you with flexible options to immediately lease a minimum of six spaces (two buildings, two full hookup RV spaces, two camping/storage spaces), with space to add several more units across its seven lots. The property's buildings offer mixed-use potential ideal for retail, office, short-term rental, studio, storage, and/or QSR. The interior of one of the buildings includes a 1950s Spartan Mansion that is seamlessly integrated, creating a distinctive setting. Significant updates to the buildings and grounds have been implemented, including utilities, aesthetics, and site updates making this a turnkey opportunity for long-term leases or short-term rentals. Water, sewer, and electricity are throughout the property. With easy access to the new H-E-B grocer at Hwy 211/Culebra Rd, Alamo Ranch, Helotes, Bandera, and Medina Lake, plus ample parking and natural shade from mature oaks and cedars, this versatile property is full of potential. Seller Finance Option Terms (firm): $60K down payment, 2-Year Seller Carry, 12% Interest. Schedule your tour today!

Highlights

Listed by Thomas Martinez , (210) 878-6683 Leverage Realty Consulting Group , (210) 878-6683.

Property Type

Multi-Family

Lot/Acreage
0.35

Year Built

1955

County

Bandera

Area

3100

Neighborhood

Avalon

School District

Bandera Isd

Listing ID

1875203

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:2
  • Bathrooms:1
  • Full Bathrooms:1
Air Cond:3+ Window/Wall
Fireplaces:
Floor:Carpeting,Stained Concrete
Water:Private Well

Exterior Features

Roof:Metal
Others:
  • Additional:Patio Slab, Covered Patio, Solar Screens, Mature Trees, Workshop, Partially Wooded, Mature Trees (ext feat), Lake Medina
Sewer:Septic
Principal Interest
$289
Taxes
$88

Home Price

$130,000

Loan Details

30 yrs
%

Down Payment

20%
$26,000
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:
$288.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $288.89 $88.08 $0.00 $376.97
Yearly $3,466.67 $1,057.00 $0.00 $4,523.67
Total $104,000.00 $31,710.00 $0.00 $135,710.00

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 (Lakehills, 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.