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$990,000
Est. payment /mo
9 Beds
6 Baths
4,646 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family (2-8 Units)
Listing Status Active
Purchase Type For Sale
Square Footage 4,646 sqft
Price per Sqft $213
Subdivision Sandcast
MLS Listing ID 2011635
Style One Story
Bedrooms 9
Full Baths 6
Year Built 1980
Annual Tax Amount $5,190
Property Sub-Type Multi-Family (2-8 Units)
Property 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 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.
Location
State TX
County Gillespie
Area 3100
Zoning R2
Interior
Heating Central
Cooling One Central
Flooring Other
Exterior
Exterior Feature Brick
Garage Spaces 6.0
Roof Type Composition
Building
Foundation Slab
Sewer City
Water City
Schools
Elementary Schools Fredericksburg
Middle Schools Fredericksburg
High Schools Fredericksburg
School District Fredericksburg
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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Listed by Kimberly Bowling • Compass RE Texas, LLC - SA • (936) 203-3351
Learn More About LPT Realty