Active
509 W Park ST
Fredericksburg TX, 78624
$975,000
$406.25 per sqft
Active
2,400 sqft
Multi-family
Built in 2000
Looking for a prime investment in Texas wine country? With an estimated cap rate of 7% and growth potential- These two duplexes in Fredericksburg, TX, built in 2000, and situated on over 2 acres, with gated entrance, offer an incredible investment opportunity. All four units are approximately 1,100 sq ft, 2bed /1 bath and are currently rented with three tenants on new one-year leases starting 9/1, 10/15, and 11/1, and the fourth tenant is on a month-to-month basis. This flexible setup allows for potential owner occupancy with a simple 30-day notice to the month-to-month tenant. The current rental income totals $6,910 per month or $82,920 annually, with rents at $1,800, $1,695, $1,695, and $1,720. With low property taxes of just $10,000 per year and tenants covering their own utilities, this property offers a strong cap rate. Whether you're an investor seeking a solid return or a buyer looking for a flexible living arrangement, this is a prime opportunity. Contact us today for financing options and to schedule a tour!
8082770
MLSⓇ ID
October 7, 2024
Listed
November 11, 2024
Updated
Map
509 W Park ST
Fredericksburg TX, 78624
Interior Features
Total Stories
2
Interior Features
Ceiling Fan(s)
Appliances
Built-In Electric Oven, Dishwasher, Microwave, Washer/Dryer
Floor Description
Tile, Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
2.31 Acres
Exterior Features
Balcony
Lot Features
Level
Roof
Composition
Sewer
Public Sewer
School Information
School District
Fredericksburg ISD
High School
Fredericksburg (Fredericksburg ISD)
Elementary School
Fredericksburg
Other Property Details
Area Name
GP
Garage
No
Parking
Additional Parking, Carport, Driveway
View
Yes
View Description
Trees/Woods
County
Gillespie
Water Source
Public
Pool
No
Pool Features
None
Courtesy of Austin Investment & Relocation Property Group
Listing Contact: (512) 574-2969
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Megan DiBartolo shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Austin/Central Texas Realty Information Service.
Listings courtesy of ACTRIS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of ©2024 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
©2024 Austin/Central Texas Realty Information Service. All rights reserved.
Database last updated 8:49 PM UTC, 11/11/2024
