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12064 Park Road 37

Lakehills TX 78063

2
1
15500 sq. ft.
0.35 ac.
Multi-Family
Currently for sale - view listing

Overview

Priced to sell! Take advantage of this multi-unit property with opportunities for upside and value-add! Located in the high-growth corridor northwest of San Antonio on Park Road 37, this unrestricted property offers a 33% pro-forma cap rate solely from projected rental income. Day one provides you with flexible options to immediately lease a minimum of six spaces (two buildings, two full hookup RV spaces, two camping/storage spaces), with space to add several more units across its seven lots. The property's buildings offer mixed-use potential ideal for retail, office, short-term rental, studio, storage, and/or QSR. The interior of one of the buildings includes a 1950s Spartan Mansion that is seamlessly integrated, creating a distinctive setting. Significant updates to the buildings and grounds have been implemented, including utilities, aesthetics, and site updates making this a turnkey opportunity for long-term leases or short-term rentals. Water, sewer, and electricity are throughout the property. 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. Seller Finance Option Terms (firm): $60K down payment, 2-Year Seller Carry, 12% Interest. Schedule your tour today!

Features

2 bedrooms
1 bathroom
15500 sq. ft. floor area
0.35 ac. lot size
Multi-Family

Property history for 12064 Park Road 37

2021
Sold
Undisclosed
30 Dec 2021 by Ben Aziz, of ICON REALTY

Happy sellers in Lakehills

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Local market activity for 2 bedroom multi families in Lakehills

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