12064 Park Road 37, Lakehills, TX 78063
12064 Park Road 37, Lakehills, TX 78063
12064 Park Road 37, Lakehills, TX 78063
33
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$130,000
Est. payment /mo
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2 Beds
1 Bath
15,500 SqFt
Price Dropped by $9K

12064 Park Road 37 Lakehills, TX 78063

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Jennah Pignataro

Jennah Pignataro

+1(304) 380-4469

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family (2-8 Units)

Listing Status Active

Purchase Type For Sale

Square Footage 15,500 sqft

Price per Sqft $8

Subdivision Avalon

MLS Listing ID 1875203

Style One Story

Bedrooms 2

Full Baths 1

Year Built 1955

Annual Tax Amount $1,057

Lot Size 0.351 Acres

Property Sub-Type Multi-Family (2-8 Units)

Property Description

Major price reduction! 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!

Location

State TX

County Bandera

Area 3100

Interior

Heating 3+ Units

Cooling 3+ Window/Wall, Other

Flooring Carpeting, Stained Concrete

Exterior

Exterior Feature Brick, Wood, Metal Structure

Garage Spaces 22.0

Roof Type Metal

Building

Foundation Slab, Other

Sewer Septic

Schools

Elementary Schools Hill Country

Middle Schools Bandera

High Schools Bandera

School District Bandera Isd

Others

Acceptable Financing Conventional, FHA, VA, 1st Seller Carry, Lease Option, Cash, Investors OK, USDA, Other

Listing Terms Conventional, FHA, VA, 1st Seller Carry, Lease Option, Cash, Investors OK, USDA, Other

LERA MLS - Local Expertise Regional Access / SABOR
Listed by Thomas Martinez • Leverage Realty Consulting Group • (210) 878-6683

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Jennah Pignataro

Jennah Pignataro

Agent License ID: 819260

+1(304) 380-4469

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12064 Park Road 37