Homes for sale - 400 Eagles Nest DR, Wimberley, TX 78676

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,651 sqft

Price per Sqft $169

Subdivision Eagles Nest

MLS Listing ID 7145847

HOA Y/N No

Originating Board actris

Year Built 1979

Annual Tax Amount $13,653

Tax Year 2023

Lot Size 2.000 Acres

Acres 2.0

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.

Location

State TX

County Hays

Interior

Interior Features See Remarks

Heating Central,Electric

Cooling Central Air

Flooring Carpet,Vinyl

Fireplace No

Appliance Dishwasher,Electric Range,Refrigerator,Washer

Exterior

Exterior Feature Balcony

Fence Wire

Community Features None

Utilities Available Electricity Available

Waterfront No

Waterfront Description None

View Hill Country

Roof Type Metal

Porch Deck,Porch

Building

Lot Description Irregular Lot,Views

Faces Southwest

Foundation Slab

Sewer Septic Tank

Water Well

Level or Stories One

Structure Type Wood Siding

New Construction No

Schools

Elementary Schools Jacobs Well

Middle Schools Danforth

High Schools Wimberley

School District Wimberley Isd

Others

Pets Allowed All

Special Listing Condition Standard

Pets Description All