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$1,800,000
Est. payment /mo
1,760 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type See Remarks
Listing Status Active
Purchase Type For Sale
Square Footage 1,760 sqft
Price per Sqft $1,022
Subdivision Na
MLS Listing ID 9235000
Year Built 1999
Annual Tax Amount $21,168
Tax Year 2026
Lot Size 11.100 Acres
Acres 11.1
Property Sub-Type See Remarks
Source actris
Property Description
Situated on approximately 11.10 acres just north of Fredericksburg, this established income-producing property offers a rare opportunity to acquire a multi-residence investment in the Texas Hill Country. Located approximately 7 miles, or an 11-minute drive, from downtown, the property combines a convenient location with a private, rural setting. The property is currently fully occupied, providing an established rental operation with the potential for continued long-term income. The property includes 11 residential units, with improvements constructed primarily in 1995, 1996, and 2011. The residences are arranged along Fleury Way and Collard Drive, creating a small residential community with a mix of homes and additional living accommodations. Mature trees, open areas, and outdoor improvements contribute to the property's Hill Country setting. A grandfathered water well, reportedly producing approximately 75–100 gallons per minute, serves as an important utility feature for the property. With its existing tenant base, multiple residences, and close proximity to Fredericksburg, this property presents an attractive opportunity for investors seeking a diversified residential rental asset. The combination of acreage, established improvements, and income-producing use offers flexibility for continued operation and future investment planning, subject to applicable regulations and property restrictions.
Location
State TX
County Gillespie
Interior
Fireplace No
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Neighborhood, Rural
Total Parking Spaces 15
Building
Foundation See Remarks, Pillar/Post/Pier, Slab
Structure Type See Remarks,Frame,Vinyl Siding,Wood Siding
New Construction No
Others
Special Listing Condition Standard
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Listed by Fredericksburg Realty
NEARBY SCHOOL & BUSINESS
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