12064 PARK ROAD 37, LAKEHILLS, TX 78063
Homes for sale in Lakehills.
Homes for sale in 78063.
List Price$139,900
12064 Park Road 37
Lakehills, TX 78063
Listing #1875203
6
Number of Units
Multi-Unit Residential
Type
About This Property
Priced to sell! Take advantage of this multi-unit property with opportunities for upside and value-add! Located in the high-growth corridor northwest of San Antonio on Park Road 37, this unrestricted property offers a 33% pro-forma cap rate solely from projected rental income. Day one provides you with flexible options to immediately lease a minimum of six spaces (two buildings, two full hookup RV spaces, two camping/storage spaces), with space to add several more units across its seven lots. The property's buildings offer mixed-use potential ideal for retail, office, short-term rental, studio, storage, and/or QSR. The interior of one of the buildings includes a 1950s Spartan Mansion that is seamlessly integrated, creating a distinctive setting. Significant updates to the buildings and grounds have been implemented, including utilities, aesthetics, and site updates making this a turnkey opportunity for long-term leases or short-term rentals. Water, sewer, and electricity are throughout the property. With easy access to the new H-E-B grocer at Hwy 211/Culebra Rd, Alamo Ranch, Helotes, Bandera, and Medina Lake, plus ample parking and natural shade from mature oaks and cedars, this versatile property is full of potential. Seller Finance Option Terms (firm): $60K down payment, 2-Year Seller Carry, 12% Interest. Schedule your tour today!
Listing Courtesy of Thomas Martinez, Leverage Realty Consulting Group (210) 878-6683
Property Features
Location Information
County
Bandera
Subdivision
AVALON
MLS Area
3100
Interior Features
Heating
3+ Units
Unit 2 Features
Bedrooms: 0, FullBaths: 0, HalfBaths: 0
Heating Fuel
Electric
Unit 3 Features
Bedrooms: 0, FullBaths: 0, HalfBaths: 0
Cooling
3+ Window/Wall, Other
Unit 4 Features
Bedrooms: 0, FullBaths: 0, HalfBaths: 0
Floors
Carpeting, Stained Concrete
Total Number of Units
6
Unit 1 Features
Bedrooms: 2, FullBaths: 1, HalfBaths: 0
Exterior Features
Exterior
Patio Slab, Covered Patio, Solar Screens, Mature Trees, Workshop, Partially Wooded, Mature Trees (ext feat), Lake Medina
Water / Sewer
Septic
Siding
Brick, Wood, Metal Structure
Sewer Supplier
Septic
Builder
Varies
Water Supplier
Private Well
Foundation
Slab, Other
Electric Supplier
BES
Roof
Metal
Lot Size
0.351
School
School District
Bandera Isd
Jr. High School
Bandera
Elementary School
Hill Country
High School
Bandera
Additional Information
Property Type
RI
Status
Active
Year Built
1955
None
Gross Annual Income
50,400
Similar Listings
Mortgage Calculator
$652
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$504
Monthly Tax
$116
Monthly Insurance
$32
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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