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Crystal Meyer

redheadedrealtor210@gmail.com +1(210) 504-8272

$149,900

Est. payment - /mo

2 Beds

1 Bath

15,500 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family (2-8 Units)

Listing Status Active

Purchase Type For Sale

Square Footage 15,500 sqft

Price per Sqft $9

Subdivision Avalon

MLS Listing ID 1875203

Style One Story

Bedrooms 2

Full Baths 1

Year Built 1955

Annual Tax Amount $1,057

Lot Size 0.351 Acres

Property Sub-Type Multi-Family (2-8 Units)

Property Description

Major price reduction with significant value-add and upside for achieving a 31% cap rate! Located in the high-growth corridor northwest of San Antonio on Park Road 37, this unrestricted property offers a 31% pro-forma cap rate (solely from rental income) and flexible options to lease a minimum of six spaces (up to eight without expansion) or combine as a tenant and owner-user mix. Spanning seven lots, the property features a mixed-use building, a covered detached patio with an adjacent structure (possible food stand QSR), multiple storage structures, and two to four RV or tiny home pads with full hookups. A 1950s Spartan Mansion is seamlessly integrated into the building, creating a distinctive setting for retail, office, or lodging use. Significant updates to the building and grounds, including utilities, aesthetics, and site improvements make this a turnkey opportunity for long-term leases or short-term rentals. Water, sewer, and electricity are already on-site. 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. Schedule your tour today!

Location

State TX

County Bandera

Area 3100

Interior

Heating 3+ Units

Cooling 3+ Window/Wall, Other

Flooring Carpeting, Stained Concrete

Exterior

Exterior Feature Brick, Wood, Metal Structure

Garage Spaces 22.0

Roof Type Metal

Building

Foundation Slab, Other

Sewer Septic

Schools

Elementary Schools Hill Country

Middle Schools Bandera

High Schools Bandera

School District Bandera Isd

Others

Acceptable Financing Conventional, FHA, VA, Cash, Investors OK, USDA, Other

Listing Terms Conventional, FHA, VA, Cash, Investors OK, USDA, Other

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LERA MLS - Local Expertise Regional Access / SABOR

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

Schools and Properties Nearby

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Crystal Meyer

+1(210) 504-8272

Agent | License ID: 802261

Agent License ID: 802261

12064 Park Road 37 Lakehills, TX 78063

Crystal Meyer

Key Details

Location

Interior

Exterior

Building

Schools

Others

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12064 Park Road 37