Description
**Investor Opportunity!** Fully occupied 8-unit multifamily property plus one income-producing RV space in Comfort, Texas. This turnkey investment provides immediate cash flow with approximately $93,900 in annual gross rental income. Long-term tenants, fully occupied, and month-to-month leases offer an established income stream along with flexibility for future management. Several units are currently leased below market according to the seller, creating a value-add opportunity through future rent adjustments as market conditions and applicable laws allow. Individual utility meters are already installed, providing the potential to transition from owner-paid utilities to tenant-paid utilities, subject to lease terms and applicable regulations. Situated on approximately 2.12 acres with 4,664 square feet of improvements, the property also offers potential for future development or expansion, subject to buyer verification of zoning and other applicable requirements. According to the seller, the property has not experienced flooding during their ownership. The property is located within a FEMA-designated floodway, and buyers should independently verify floodplain requirements, insurance availability, financing, and all property information during their due diligence.
Details
| MLS # | 1999997 |
|---|---|
| Listing Type | For Sale |
| Status | Active Option |
| Days On Site | 47 |
| Listing Provided By | Phyllis Browning Company | Ernesto Villarreal |
Features
| SQ Feet | 4,664 |
|---|---|
| Units | 8 |
| Zoning | NONE |
| Acreage | 2.12 |
Interior
| Heating Fuel | Electric |
|---|
Exterior
| Exterior | Wood, Other |
|---|---|
| Exterior Features | Not Applicable/None |
| Foundation | Slab, Basement |
Taxes
| Tax Property Id | 1514000300621 |
|---|---|
| Taxed By Mltpl Counties | No |
| Total Tax | 8518.76 |
Area Information
| State | TX |
|---|---|
| County | Kendall |
| City | Comfort |
| Zip Code | 78013 |
| Area | Kendall |
| Community Name | OUT/COMFORT |
| School District | Comfort |
| Elementary School | Comfort |
| High School | Comfort |
| Listing VS Median (in OUT/COMFORT) | |
Price: $500,000 low | high Med: $500,000 sqft: 4,664 low | high Med: 4,664 $ / sqft: $107 low | high Med: $107 On site: 47 low | high Med: 47 | |
Market Activity 78013
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Learn More About This Property
| State | TX |
|---|---|
| County | Kendall |
| City | Comfort |
| Zip Code | 78013 |
| Area | Kendall |
| Community Name | OUT/COMFORT |
| School District | Comfort |
| Elementary School | Comfort |
| High School | Comfort |
| Listing VS Median (in OUT/COMFORT) | |
Price: $500,000 low | high Med: $500,000 sqft: 4,664 low | high Med: 4,664 $ / sqft: $107 low | high Med: $107 On site: 47 low | high Med: 47 | |
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