12064 Park Road 37

Lakehills TX 78063

511 sq. ft.

0.35 ac.

Single-Family

Currently for sale - view listing

Overview

Major price reduction! Versatile property offering the potential to live on site while generating rental income! Seller Finance Option Terms (firm): $60K down payment, 2-Year Seller Carry, 12% Interest. Welcome home to a one-of-a-kind versatile studio featuring a 1950s Spartan Mansion integrated into the primary building, creating a distinctive experience and functional two bedroom home or live-work space. Spanning seven contiguous lots with mature oaks and cedars, the property offers a turnkey opportunity for hobbyists and investors alike. With an outbuilding, covered patio, additional land for recreation, storage, and parking, there is ample space for numerous possibilities. In addition, the property is already equipped to generate rental income (33% pro-forma cap rate), as the property includes two full RV and tiny home hookups. All utilities are on-site, providing a seamless setup for an owner-user to live in the multi-purpose studio while generating income to offset your loan payment. Located just minutes from the new H-E-B at Hwy 211/Culebra Rd, Alamo Ranch, and Medina Lake, this expansive property balances hill country charm with access to many city amenities. Schedule your tour today!

Features

2 bedrooms

1 bathroom

511 sq. ft. floor area

0.35 ac. lot size

Single-Family

Property history for 12064 Park Road 37

2021

Sold

Undisclosed

30 Dec 2021 by Ben Aziz, of ICON REALTY

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