400 Eagles Nest Drive Wimberley, TX 78676
Listing Courtesy of: Austin Board of Realtors / Jbgoodwin Realtors® / David Ashby - Contact:  (512) 502-7580

  400 Eagles Nest Drive Wimberley, TX 78676

Active (279 Days)
$789,000

Description

Prime rental property for sale in Wimberley, TX. This Investment property on 2 acres of unrestricted land has a tri-plex building with Units 5, 6, 7, built in 2006 and additional land where a single row of building units 1, 2, 3 & 4 previously stood but were unfortunately lost in a fire in 2022. All tri-plex units are currently leased with 2 expiring in late spring of 2025. Healthy market rents are being achieved (1350.00 per month). New deck on all units on this well maintained property. The price is reflective of rent/price ratio and recent sales comps of near by small multi-unit properties in the past year. This valuation method takes into consideration the tri-plex income and the remaining unrestricted land value. The valuation does not take into consideration any pro-forma values for the previous properties nor does it apply a premium on the land where the properties previously were. The replacement of the previous 4 rental units and addition of more on the remaining land could easily double the value (or more) of this property allowing the investor to realize instant equity and cash flow for years to come in a thriving area for essentially replacement costs of the buildings. This is an experienced investors ideal property with the potential to be a long term hold. This is an excellent opportunity that doesn't come around often. Please contact agent for showing requests. Please do not disturb the tenants. All site visits should be facilitated through the listing agent.

MLS #:
7145847
Taxes
$13,653(2023)
Lot Size
2 acres
Type
Multifamily
Year Built
1979
Views
Hills
School District
Wimberley Isd
County
Hays County
Community
Eagles Nest

Listed By

David Ashby, Jbgoodwin Realtors®, Contact: (512) 502-7580
Source
Austin Board of Realtors
Last checked Dec 23 2024 at 11:38 AM CST
Bathroom Details
Interior Features
  • See Remarks
  • Laundry: Washer Hookup
  • Laundry: Dryer Hookup
  • Dishwasher
  • Electric Range
  • Refrigerator
  • Washer
  • Windows: Blinds
Subdivision
  • Eagles Nest
Lot Information
  • Irregular Lot
  • Views
Property Features
  • Fireplace: 0
  • Foundation: Slab
Heating and Cooling
  • Central
  • Electric
  • Central Air
Flooring
  • Carpet
  • Vinyl
Exterior Features
  • Roof: Metal
Utility Information
  • Utilities: Electricity Available, Water Source: Well
  • Sewer: Septic Tank
School Information
  • Elementary School: Jacobs Well
  • Middle School: Danforth
  • High School: Wimberley
Parking
  • Deck
Stories
  • 1
Living Area
  • 4,651 sqft
Additional Information: Commercial Office | (512) 502-7580
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

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Disclaimer: Copyright 2024 Austin Association of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/23/24 03:38