Address: 5441, 5481 Fm 1102, New Braunfels, TX 78132
Description
With buildings dating back to the 1800's, this unique mixed use commercial property isn't lacking any character or potential. Unrestricted zoning which means this gem can become a blank canvas to suit your investment needs & visions or kept as is operating at a 6 CAP rate. Located just across the street is a brand new SFR development and less than a 1/4 mile is a newly built & fully leased MF development. Average HH income of $134,151. High traffic road. Tons of visibility. And just minutes from downtown Gruene. Current NOI of 143K/annually produced by: 2 STR, 2 LTR & 2 commercial leases. New septic system installed 2023. SELLER FINANCING AVAILABLE.
With buildings dating back to the 1800's, this unique mixed use commercial property isn't lacking any character or potential. Unrestricted zoning which means this gem can become a blank canvas to suit your investment needs & visions or kept as is operating at a 6 CAP rate. Located just across the street is a brand new SFR development and less than a 1/4 mile is a newly built & fully leased MF development. Average HH income of $134,151. High traffic road. Tons of visibility. And just minutes from downtown Gruene. Current NOI of 143K/annually produced by: 2 STR, 2 LTR & 2 commercial leases. New septic system installed 2023. SELLER FINANCING AVAILABLE.
Features
Building and Construction
Apprx Age: 159
Builder Name: UNKNOWN
Exterior Features: Other
Flooring: Other
Foundation: Other
Roofing: Metal
Source Sqft: Appsl Dist
School Information
Elementary School: Comal
High School: Canyon
Middle School: Comal
School District: Comal
Eco-Communities
Water/Sewer: Septic
Utilities
Air Conditioning: Other
Heat: Central
Heating Fuel: Electric
Meters: Separate Electric, Separate Gas, Separate Water
Finance and Tax Information
Annual Operating Expense: 28600
Days On Market: 26
Home Owners Association Mandatory: None
Net Operating Income: 143400
Total Tax: 8121.31
Other Features
Contract: Exclusive Right To Sell
Instdir: I-35 North, left on FM 306, right on FM 1102.
Legal Description: COUNTRY HILLS NORTH 1, BLOCK 1, LOT 1
Op Exp Includes: Taxes, Insurance, Maintenance, Licenses/Permits, All Utilities, Other
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