5441 Farm To Market Road 1102

New Braunfels, TX 78132

$2,200,000
Price
Beds
1,896 Sq. Ft.
$1,160 / Sq. Ft.
1,896
Sq. Ft.
$1,160
per Sq. Ft.

Description

7 cap rate! SELLER FINANCING AVAILABLE - This mixed-use property is a total gem! And income producing. Located just outside the historic Texas town of Gruene, these 2 lots sit on a road with high traffic & visibility. Zoned for commercial use, the property has 7 active leases in place: 2 short term rentals, 3 commercial leases & 2 long term residential. The listing includes 2 properties: 5441 & 5481 FM 1102. Unrestricted & outside city limits so there are no zoning restrictions which makes this property7 cap rate! SELLER FINANCING AVAILABLE - This mixed-use property is a total gem! And income producing. Located just outside the historic Texas town of Gruene, these 2 lots sit on a road with high traffic & visibility. Zoned for commercial use, the property has 7 active leases in place: 2 short term rentals, 3 commercial leases & 2 long term residential. The listing includes 2 properties: 5441 & 5481 FM 1102. Unrestricted & outside city limits so there are no zoning restrictions which makes this property
  1. Listed by Amanda Mercer • TREC #774677 • Real • amanda@p31venture.com

Property Details for 5441 Farm To Market Road 1102

School District
Comal
Subdivision
COUNTRY HILLS
Exterior
Other
LISTING UPDATED: 11/09/2024 02:05 AM

Property Details for 5441 Farm To Market Road 1102

StatusActive
MLS #1819608
Days on Market20
Taxes$11,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / One Story
Year Built1865
Lot Size0.65 AC / 28,270 SF
CountyComal County

Building Information for 5441 Farm To Market Road 1102

Stories-Residences7Year Built1865Building Size-Lot Size0.65 AC / 28,270 SF

Property Information for 5441 Farm To Market Road 1102

Summary
Location and General Information
  • Area: 2609
  • Elementary School: Comal
  • Middle School: Comal
  • High School: Canyon
  • Accessibility: Ramped Entrance
  • Zip Code Plus: 4383
  • Instruction/Direction: From Gruene, take FM 1102 north. Property located on left side of road.
  • Accessible/Adaptive Home: Yes
  • County: Comal
  • State: TX
  • Zip: 78132-4383
  • City: New Braunfels
Taxes and HOA Information
  • HOA Mandatory: None
  • Taxed By Mltpl Counties: No
  • Tax Property ID: 150231000100
Property
Property and Assessments
  • Legal Description: COUNTRY HILLS NORTH 1, BLOCK 1, LOT 1
  • Subdivision Legal Name: COUNTRY HILLS NORTH 1
  • Builder Name: UNKNOWN
  • Year Built: 1865
  • Type: One Story
Lot Information
  • Source Sqft: Appsl Dist
  • Legal Desc-Lot: 1
  • Square Feet: 1896.0
  • Apprx Age: 159
  • Lot Size: 0.649
Utilities
  • Air Conditioning: Other
  • Heat: Central
  • Heating Fuel: Electric
  • Water/Sewer: Septic
  • Meters: Separate Electric, Separate Gas, Separate Water
Interior and Exterior Features
Interior Features
  • Flooring: Other
Exterior Features
  • Exterior Features: Patio Slab, Covered Patio
  • Roofing: Other
  • Foundation: Other
  • Proposed Terms: Conventional, FHA, VA, 1st Seller Carry, Wraparound, Cash, Investors OK, USDA, Other
Multi Family
Multi-Family Information
  • Annual Operating Expense: 24900.0
  • Gross Annual Income: 178000.0
  • Operating Expense Includes: Taxes, Insurance, Maintenance, Management
  • Net Operating Income: 153300.0
Unit 1
  • Unit 1 Info: Other
  • U1 Occupied: Yes
  • U1 Bedroom: 3
  • U1 Fulls Baths: 1
  • U1 Half Baths: 0
  • U1 Handicap Access: Yes
  • U1 Num of Parking Spaces: 7
  • U1 Park Type: Pad
  • U1 Rent: $4,000.00
Unit 2
  • Unit 2 Info: Furnished
  • U2 Occupied: Yes
  • U2 Bedroom: 1
  • U2 Full Baths: 1
  • U2 Half Baths: 0
  • U2 Handicap Access: Yes
  • U2 Num of Parking Spaces: 1
  • U2 Park Type: Pad
  • U2 Rent: $2,000.00
Unit 3
  • Unit 3 Info: Other
  • U3 Occupied: Yes
  • U3 Bedroom: 1
  • U3 Full Baths: 0
  • U3 Half Baths: 1
  • U3 Handicap Access: Yes
  • U3 Num of Parking Spaces: 18
  • U3 Park Type: Pad
  • U3 Rent: $2,000.00
Unit 4
  • Unit 4 Info: Other
  • U4 Occupied: Yes
  • U4 Bedroom: 0
  • U4 Full Baths: 0
  • U4 Half Baths: 0
  • U4 Handicap Access: Yes
  • U4 Num of Parking Spaces: 1
  • U4 Park Type: Pad
  • U4 Rent: $1,000.00
Unit 5
  • Unit 5 Info: Other
  • U5 Occupied: Yes
  • U5 Bedroom: 1
  • U5 Full Baths: 1
  • U5 Half Baths: 0
  • U5 Num of Parking Spaces: 1
  • U5 Handicap Access: Yes
  • U5 Park Type: Pad
  • U5 Rent: $150.00
Unit 6
  • U6 Occupied: Yes
  • U6 Park Type: Pad
  • Unit 6 Info: Other
  • U6 Bedroom: 1
  • U6 Full Baths: 1
  • U6 Half Baths: 0
  • U6 Num of Parking Spaces: 1
  • U6 Handicap Access: Yes
  • U6 Rent: $150.00
Unit 7
  • Unit 7 Info: Other
  • U7 Bedroom: 4
  • U7 Full Baths: 2
  • U7 Half Baths: 1
  • U7 Num of Parking Spaces: 2
  • U7 Handicap Access: Yes
  • U7 Park Type: Pad
  • U7 Rent: $300.00
Agent
Sale and Listing
  • Contract: Exclusive Right To Sell

Property History for 5441 Farm To Market Road 1102

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5441 Farm To Market Road 1102

Taxable ValueLand$80,320Additions$438,300Total$518,620
Tax Record2023$6,960 ($580 / month)
Home Facts
Total Finished SqFt2,016 SqFtAbove Grade Finished SqFt2,016 SqFtStories1Lot Size28,270 SqFtStyleMiscellaneous CommercialYear Built1865Year Renovated1990CountyCOMALAPN15-0231-0001-00Fireplace TypeHas Fireplace

Schools near 5441 Farm To Market Road 1102

This home is within Comal Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Hoffmann Lane Elementary School
PublicPK to 5

Church Hill Middle School
Public6 to 8

Canyon High School
Public9 to 12

Memorial Early College 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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5441 Farm To Market Road 1102 is a multi-family home for sale in New Braunfels, TX 78132. This property was listed for sale on October 29, 2024 by Real, it's currently listed at $2,200,000. It has been on the market for a total of 20 days and was last sold on January 6, 2017. This listing's school district is Comal Independent School District. Nearby schools include Hoffmann Lane Elementary School, Church Hill Middle School and Canyon High School. 5441 Farm To Market Road 1102 is a 0-bed, 0-bath, 1,896 sqft multi-family home built in 1865.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real, Amanda Mercer, TREC #774677

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2024] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.