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$669,000
Bed
Bath
7,776 SqFt
0.36 Acre Lot
15,681 Sqft Lot
Status Pending
Property Type
Year Built 1978
Neighborhood Sir Gerald 1
Days on Website 106

Property Map

$669,000 – 935 Linde, New Braunfels, TX 78130

Street View

Courtesy of McNabb & Company Real Estate Services.

Description

Amazing investment opportunity centrally located in New Braunfels. 8-plex of identical/mirrored, 2 bedroom/2 bathroom, 972 SF units! Rents have been increased as units have been slowly improved, 4 units improved, 2 units partially improved and the other 2 units are occupied by long term tenants with minimal modifications. Lots of vacancy in 2018 due to two remodels being underway. Currently room to increase rents 6%+. Another 10%+ more upside if you implement washer and dryers in each unit which could be done with stacked units in empty space in back bathrooms.

Property Details and Features

Property Access

  • City Street

Appliances and Equipment

  • Dishwasher
  • Disposal
  • Microwave
  • Range
  • Refrigerator

House

  • Built in 1978
  • Stories: 2
  • 7,776 sqft living area
  • Completed
  • Two

Community

  • 8 units in community

Cooling

  • Central A/C
  • Electric

Floors

  • Carpet
  • Concrete
  • Vinyl

Foundation

  • Slab

Heating

  • Central Heat
  • Electric

Listing

  • 69 days on market
  • Listed on 2018-12-07
  • Lease considered

Location

  • County: Comal
  • Subdivision: Sir Gerald 1

Lot

  • 0.36 acres

Property

  • Established 1978
  • 8 units

Roof

  • Flat

Schools

  • Elementary School District: New Braunfels ISD
  • Middle School District: New Braunfels ISD
  • High School District: New Braunfels ISD

Sewer

  • Public Sewer

Tenant Pays

  • Electricity

Utilities

  • Electricity Connected

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