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 4 active commercial leases. The listing includes 2 properties: 5441 & 5481 FM 1102. Unrestricted & outside city limits so there are no zoning restrictions which makes this property a rare opportunity. Current NOI = 140K/annually.
Features
11 bedrooms
6 bathrooms
1896 sq. ft. floor area
crop_free0.65 ac. lot size
cottageMulti-Family
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Local market activity for 11 bedroom multi families in New Braunfels
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For Sale
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