For more information regarding the value of a property, please contact us for a free consultation.
616 Frostwood DR New Braunfels, TX 78130
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,954 sqft
Price per Sqft $191
Subdivision Summerwood
MLS Listing ID 471414
Sold Date 06/13/22
Style Traditional
Construction Status Resale
HOA Y/N Yes
Year Built 1981
Lot Size 0.303 Acres
Acres 0.303
Property Description
PROPERTY DESCRIPTION
This investment property is a great option to add to, or start your Real Estate
Investment Portfolio with. Ask agent about additional duplexes for sale. The
Summerwood Subdivision is a well known and quite neighborhood on the Guadalupe
River. It is centrally located with easy access to Downtown, Loop 337, public parks with
rivers, shopping and restaurants. The Summerwood Subdivision, also comes with a
number of amenities, some of those being a tennis court, and river access.
OFFERING SUMMARY
Sale Price: $369,000
Number of Units: 2
Lot Size: 0.303 Acres
Building Size: 1,954 SF
NOI: $19,335.18
Cap Rate: 5.24%
PROPERTY HIGHLIGHTS
Investment Property
Fully Occupied
Rent Bumps Possible (mo/mo leases)
NEW: Dimensional Shingle Roof & One New AC Unit
River Access
Tennis Court
INVESTMENT:
CURRENT RATE
---------------------
CAP RATE 5.24%
GRM 15.30
Rent Rate 616 : $950.00 3/2
Rent Rate 618: $1,050.00 2/1
Location
State TX
County Comal
Interior
Interior Features Ceiling Fan(s), See Remarks
Heating Central, Multiple Heating Units
Cooling 2 Units
Fireplaces Type Other, See Remarks
Fireplace No
Appliance Other, See Remarks
Laundry Other, See Remarks
Exterior
Carport Spaces 2
Fence Back Yard
Pool None
Community Features Park, Tennis Court(s), Dock
Utilities Available Trash Collection Public
Waterfront No
Waterfront Description Dock Access,Water Access
View Y/N Yes
Water Access Desc Public
View River
Roof Type Composition,Shingle
Accessibility Other, See Remarks
Building
Story 1
Entry Level One
Foundation Other, See Remarks
Water Public
Architectural Style Traditional
Level or Stories One
Construction Status Resale
Schools
School District Comal Isd
Others
Tax ID 59977
Acceptable Financing Other, See Remarks
Listing Terms Other, See Remarks
Financing Cash
Read Less
Bought with Kelle Wirt • Horizon Realty