Courtesy of McNabb & Company Real Estate Services.
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.
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