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$ 500,000
Est. payment /mo
New
7 Us Highway 87 Comfort, TX 78013
8 Beds
8 Baths
4,664 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family (2-8 Units)
Listing Status Active
Purchase Type For Sale
Square Footage 4,664 sqft
Price per Sqft $107
Subdivision Out/Comfort
MLS Listing ID 1999997
Style One Story
Bedrooms 8
Full Baths 8
Annual Tax Amount $8,518
Lot Size 2.121 Acres
Property Sub-Type Multi-Family (2-8 Units)
Property Description
**Investor Opportunity!** Fully occupied 8-unit multifamily property plus one income-producing RV space in Comfort, Texas. This turnkey investment provides immediate cash flow with approximately $93,900 in annual gross rental income. Long-term tenants, fully occupied, and month-to-month leases offer an established income stream along with flexibility for future management. Several units are currently leased below market according to the seller, creating a value-add opportunity through future rent adjustments as market conditions and applicable laws allow. Individual utility meters are already installed, providing the potential to transition from owner-paid utilities to tenant-paid utilities, subject to lease terms and applicable regulations. Situated on approximately 2.12 acres with 4,664 square feet of improvements, the property also offers potential for future development or expansion, subject to buyer verification of zoning and other applicable requirements. According to the seller, the property has not experienced flooding during their ownership. The property is located within a FEMA-designated floodway, and buyers should independently verify floodplain requirements, insurance availability, financing, and all property information during their due diligence.
Location
State TX
County Kendall
Area 2504
Zoning NONE
Interior
Heating Central
Cooling Multi-Unit Central
Flooring Vinyl, Laminate
Exterior
Exterior Feature Wood, Other
Garage Spaces 16.0
Roof Type Metal
Building
Foundation Slab, Basement
Schools
Elementary Schools Comfort
Middle Schools Comfort
High Schools Comfort
School District Comfort
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Listed by Ernesto Villarreal • Phyllis Browning Company • (210) 912-6290