
- Ron Tate, Broker,CRB,CRS,GRI,REALTOR ®,SFR
- By Referral Realty
- Mobile: 210.861.5730
- Office: 210.479.3948
- Fax: 210.479.3949
- rontate@taterealtypro.com
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- MLS#: 1877022 ( Multi-Family (2-8 Units) )
- Street Address: 203 Us Highway 87
- Viewed: 34
- Price: $2,900,000
- Price sqft: $193
- Waterfront: No
- Year Built: 1995
- Bldg sqft: 15002
- Days On Market: 399
- Acreage: 1.88 acres
- Additional Information
- County: KENDALL
- City: Comfort
- Zipcode: 78013
- Subdivision: Comfort North
- District: Comfort
- Elementary School: Comfort
- Middle School: Comfort
- High School: Comfort
- Provided by: Keller Williams Boerne
- Contact: Timothy Warlow
- (210) 818-9457
- DMCA Notice
-
DescriptionThis premier 2.44 acre multi use property on Highway 87 offers a multifamily residential living with additional income potential. With a 7.5% cap rate and $215,000 in annual net operating income this property is ideal for a multifamily owner. Built by custom home builders, the property reflects superior craftsmanship in every detail. Located at 203 Highway 87, the site comprises seven buildings, including two residential homes (one featuring an Airbnb suite), a medical office building with three residential lofts above, a charming residential cottage, and three multifamily buildings. Designed to maximize returns, this property offers a variety of income streams from short term and long term rentals, as well as commercial tenants. Residential rental rates are currently below market, providing significant opportunity for future growth and increased revenue. With multiple revenue streams and prime highway exposure, this is a rare investment opportunity that combines stability and long term appreciation potential.
Features
Possible Terms
- Cash
Air Conditioning
- One Central
Apprx Age
- 30
Builder Name
- NA
Construction
- Pre-Owned
Contract
- Exclusive Right To Sell
Days On Market
- 386
Dom
- 386
Elementary School
- Comfort
Exterior Features
- Wood
- Siding
Flooring
- Other
Foundation
- Slab
Heat
- Central
Heating Fuel
- Electric
High School
- Comfort
Home Owners Association Mandatory
- None
Instdir
- Continue onto US-87 N. Destination will be on the right.
Legal Desc Lot
- 10
Legal Description
- Comfort North Lot Pt 10
- 1.884 Acres
Meters
- Other
Middle School
- Comfort
Net Operating Income
- 215000
Op Exp Includes
- Other
Owner Lrealreb
- No
Ph To Show
- 2102222227
Property Type
- Multi-Family (2-8 Units)
Roofing
- Metal
Salerent
- For Sale
School District
- Comfort
Source Sqft
- Appsl Dist
Style
- Two Story
Total Tax
- 4649.58
Views
- 34
Year Built
- 1995
Zoning
- CQ
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