12064 Park Road 37 Active Save Request In-Person Tour Request Virtual Tour
Lakehills,TX 78063
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 $12
Subdivision Avalon
MLS Listing ID 1875203
Style One Story
Bedrooms 3
Full Baths 2
Year Built 1955
Annual Tax Amount $1,057
Lot Size 0.351 Acres
Property Sub-Type Multi-Family (2-8 Units)
Property Description
Located in the high-growth corridor northwest of San Antonio on Park Road 37, this unrestricted property offers an 11.60%+ conservative pro-forma cap rate (solely from rental income) and flexible options to lease a minimum of three spaces (up to eight) or combine as a tenant and owner-user mix. Spanning seven lots, the property features a mixed-use building with a covered detached patio, multiple storage structures, and two to four RV or tiny home pads with full hookups. A 1950s Spartan Mansion is seamlessly integrated into the building, creating a distinctive setting for retail, office, or lodging use. Significant updates to the building and grounds, including utilities, aesthetics, and site improvements make this a turnkey opportunity for long-term leases or short-term rentals. Water, sewer, and electricity are already on-site. 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. 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 16.0
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,Cash,Investors OK,Other
Listing Terms Conventional,FHA,VA,Cash,Investors OK,Other