400 Eagles Nest Drive
$789,000
3
3
4,651
4,651
$170
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...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.
- Listed by Michael Ashby • TREC #0668161 • JBG Commercial • (512) 502-7580
Property Details for 400 Eagles Nest Drive
Subdivision Name
Eagles Nest
WaterfrontNo
Waterfront DescriptionNone
Water Access DescriptionNone
ViewHills
View YNYes
Pets AllowedYes
Parcel Number1006020007000008
LISTING UPDATED: 09/30/2024 01:35 PM
Property Details for 400 Eagles Nest Drive
Status | Active |
---|---|
MLS # | 7145847 |
Days on Market | 289 |
Taxes | $13,653 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Triplex |
Year Built | 1979 |
Lot Size | 2.00 AC / 87,120 SF |
County | Hays County |
Building Information for 400 Eagles Nest Drive
Stories1Residences-Year Built1979Building Size-Lot Size2.00 AC / 87,120 SF
Property Information for 400 Eagles Nest Drive
Property History for 400 Eagles Nest Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 400 Eagles Nest Drive
Taxable ValueLand$168,160Additions$742,263Total$910,423
Tax Record2023$6,067 ($506 / month)
Home Facts
Total Finished SqFt1,232 SqFtAbove Grade Finished SqFt1,232 SqFtStories2Lot Size87,120 SqFtStyleQuadraplexYear Built1979CountyHAYSAPNR19608
Schools near 400 Eagles Nest Drive
This home is within Wimberley Independent School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 2 | |||
Public - | 3 to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Blue Hole Primary School PublicPK to 2 | ||
Jacob's Well Elementary School Public3 to 5 | ||
Danforth J High School Public6 to 8 | ||
Wimberley High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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