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$700,000
Est. payment /mo
12 Beds
8 Baths
6,096 SqFt
UPDATED:
12/04/2024 03:17 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family (2-8 Units)
Listing Status Active
Purchase Type For Sale
Square Footage 6,096 sqft
Price per Sqft $114
Subdivision Uvalde Estate #1
MLS Listing ID 1822405
Style One Story
Bedrooms 12
Full Baths 8
Year Built 2020
Annual Tax Amount $8,556
Lot Size 1.000 Acres
Property Description
Amazing investment opportunity! 8 rental units located on one acre just 2 miles from city center. These nearly new properties where completed in 2020 and show virtually no wear, offering the new owner what should be years of trouble free use. Property consists of 4, one bedroom, one bath units, 2 stand alone two bedroom, one bath units and a duplex with 2, two bedroom, one bath units. All custom built by a highly respected, local homebuilder. Slab construction with metal roofs. The one bedroom units have a single mini-split, while the two bedroom units have two mini-split AC systems. Each has its own electrical meter. Public water system. 6 individual septic systems, all of which were pumped out prior to listing. All units are occupied and renters would like to stay on with new owner. 1Br properties rent for $650, while the 2Br units bring in $900 per month for a total income of over $74,000 per year. Being just outside the city, property taxes are low, maximizing profits.
Location
State TX
County Uvalde
Area 3100
Interior
Heating None
Cooling Other
Flooring Other
Exterior
Exterior Feature Siding
Garage Spaces 16.0
Roof Type Metal
Building
Foundation Slab
Sewer Septic
Schools
Elementary Schools Uvalde
Middle Schools Uvalde
High Schools Uvalde
School District Uvalde Cisd
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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Listed by Gene Evans • eXp Realty • (830) 486-9682
13276 Research Blvd, Suite # 107, Austin, Texas, 78750, United States