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400 Eagles Nest Dr

Wimberley, TX 78676
  • $789,000
  • STATUS: Active
  • MLS #: 7145847
UPDATED: 89 min ago
$789,000
  • 0
    BEDS
  • 2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,651
    SQFT
  • $170
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1979
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Property listed by Michael Ashby of JBG Commercial: (512) 502-7580.

Description

Prime rental property for sale in Wimberley, TX. This Investment property on 2 acres of unrestricted land has a tri-plex building with Units 5, 6, 7, built in 2006 and additional land where a single row of building units 1, 2, 3 & 4 previously stood but were unfortunately lost in a fire in 2022. All tri-plex units are currently leased with 2 expiring in late spring of 2025. Healthy market rents are being achieved (1350.00 per month). New deck on all units on this well maintained property. The price is reflective of rent/price ratio and recent sales comps of near by small multi-unit properties in the past year. This valuation method takes into consideration the tri-plex income and the remaining unrestricted land value. The valuation does not take into consideration any pro-forma values for the previous properties nor does it apply a premium on the land where the properties previously were. The replacement of the previous 4 rental units and addition of more on the remaining land could easily double the value (or more) of this property allowing the investor to realize instant equity and cash flow for years to come in a thriving area for essentially replacement costs of the buildings. This is an experienced investors ideal property with the potential to be a long term hold. This is an excellent opportunity that doesn't come around often. Please contact agent for showing requests. Please do not disturb the tenants. All site visits should be facilitated through the listing agent.

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© 2024 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-07-20T16:02:34.647.

MLS Grid  logoBased on information submitted to the MLS GRID as of 2024-07-20T16:02:34.647 (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. Click here for MLS GRID DMCA Notice
www.bellcounty.realestate/homes/148707111
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400 Eagles Nest Dr Wimberley, TX 78676

  • Price: $789,000
  • Status: Active
  • On Site: Days
  • Updated: 89 min ago
  • MLS #: 7145847
0
Beds
0
Baths
0
½ Baths
2
Acres
4,651
SQFT
$170
$/SQFT
1979
Built
Neighborhood:
Eagles Nest
County:
Hays
Area:
Wimberley
Elementary School:
Jacobs Well
Middle School:
Danforth
High School:
Wimberley
School District:
Wimberley ISD
Property Description
Prime rental property for sale in Wimberley, TX. This Investment property on 2 acres of unrestricted land has a tri-plex building with Units 5, 6, 7, built in 2006 and additional land where a single row of building units 1, 2, 3 & 4 previously stood but were unfortunately lost in a fire in 2022. All tri-plex units are currently leased with 2 expiring in late spring of 2025. Healthy market rents are being achieved (1350.00 per month). New deck on all units on this well maintained property. The price is reflective of rent/price ratio and recent sales comps of near by small multi-unit properties in the past year. This valuation method takes into consideration the tri-plex income and the remaining unrestricted land value. The valuation does not take into consideration any pro-forma values for the previous properties nor does it apply a premium on the land where the properties previously were. The replacement of the previous 4 rental units and addition of more on the remaining land could easily double the value (or more) of this property allowing the investor to realize instant equity and cash flow for years to come in a thriving area for essentially replacement costs of the buildings. This is an experienced investors ideal property with the potential to be a long term hold. This is an excellent opportunity that doesn't come around often. Please contact agent for showing requests. Please do not disturb the tenants. All site visits should be facilitated through the listing agent.
Exterior Features

Attached Garage YN No Covered Spaces 0 Direction Faces SW Exterior Features Balcony Fencing Wire Foundation Details Slab Garage YN No Levels One Lot Features Irregular LotViews Other Structures None Parking Features Deck Patio And Porch Features DeckPorch Roof Metal View Hill Country Waterfront Features None Waterfront YN No

Interior Features

Appliances DishwasherElectric RangeRefrigeratorWasher Cooling Central Air Fireplaces Total 0 Flooring CarpetVinyl Heating CentralElectric Interior Features See Remarks Laundry Location Main Level Unit Room Type Primary BedroomPrimary BathroomLiving Room Window Features Blinds

Property Features

Accessibility Features None Association YN No Community Features None Estimated Taxes 12000 Fema Flood Plain No Horse YN No Listing Terms CashConventional New Construction YN No Property Condition Resale Property Sub Type Triplex Sewer Septic Tank Special Listing Conditions Standard Tax Annual Amount 13653.4 Utilities Electricity Available Water Source Well



© 2024 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-07-20T16:02:34.647.

MLS Grid  logoBased on information submitted to the MLS GRID as of 2024-07-20T16:02:34.647 (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. Click here for MLS GRID DMCA Notice
 
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Brautigan Realty
11725 W. Adams, Suite D
Belton TX, 76513
Property listed by Michael Ashby of JBG Commercial: (512) 502-7580.