120 Cedar Bend Rd

Wimberley, TX 78676

About this property

Charming Income-Producing Compound - Ideal for Investors or Owner-Occupants Property highlights include: 4.1 Private Acres with 6+Rental Units including the Owner-Occupied Main House Main home includes 3 bedroom / 3.5 baths - +- 2500 sq.ft with attached sunroom Additionally, the Main Home offers two decks, a covered pavilion that backs to a wet weather creek and features a panoramic hill country view. +-1 Acre of undeveloped land for expansion, where additional units could be added 2 separate gated entries Beautiful old, hand-stacked stone rock walls surrounding the perimeter of +- 3 acres Two water wells Blanco River Access for property owners (a 28-acre member only gated river park) Full RV Hookups and Private Parking Area Storage Buildings/Sheds Plenty of individual parking areas Community fenced garden area Plenty of room to add a community pool and/or private pool High-speed fiber internet available to all sites Located on a quiet, cul-de-sac street Discover this delightful income-generating family compound, perfect for both investors and owner-occupants. The property boasts a total of six rented single-family dwellings and one rented RV space; each home site features private parking, inviting outdoor living spaces, individual patio or decks and several units have fenced yards ensuring tenant satisfaction year-round.Many of the units have been recently constructed or have undergone extensive updates/remodels and have been meticulously maintained to enhance the appeal of this family compound and/or income-producing property. The current income, including potential rent from the owner-occupied main residence and the other five structures plus RV Site, is approximately $8,500 monthly. Significant increase in potential revenue if used as short-term rentals. Please note that the square footage of the buildings is approximated and combined for all units.

About this property

Charming Income-Producing Compound - Ideal for Investors or Owner-Occupants Property highlights include: 4.1 Private Acres with 6+Rental Units including the Owner-Occupied Main House Main home includes 3 bedroom / 3.5 baths - +- 2500 sq.ft with attached sunroom Additionally, the Main Home offers two decks, a covered pavilion that backs to a wet weather creek and features a panoramic hill country view. +-1 Acre of undeveloped land for expansion, where additional units could be added 2 separate gated entries Beautiful old, hand-stacked stone rock walls surrounding the perimeter of +- 3 acres Two water wells Blanco River Access for property owners (a 28-acre member only gated river park) Full RV Hookups and Private Parking Area Storage Buildings/Sheds Plenty of individual parking areas Community fenced garden area Plenty of room to add a community pool and/or private pool High-speed fiber internet available to all sites Located on a quiet, cul-de-sac street Discover this delightful income-generating family compound, perfect for both investors and owner-occupants. The property boasts a total of six rented single-family dwellings and one rented RV space; each home site features private parking, inviting outdoor living spaces, individual patio or decks and several units have fenced yards ensuring tenant satisfaction year-round.Many of the units have been recently constructed or have undergone extensive updates/remodels and have been meticulously maintained to enhance the appeal of this family compound and/or income-producing property. The current income, including potential rent from the owner-occupied main residence and the other five structures plus RV Site, is approximately $8,500 monthly. Significant increase in potential revenue if used as short-term rentals. Please note that the square footage of the buildings is approximated and combined for all units.

Features and Additional Information

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$899,000 Active
6,500 sqft

Presented By Coldwell Banker Commercial Gateway

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Brokerage
Compass RE Texas, LLC
1-512-575-3644
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Area Information

HW | Hays County | Burnett Ranch Sec 2

$ 899,000
This listing is play_arrow 4.1% lower than the average in the area
$ 937,000 in the area
6,500 SqFt
This listing is play_arrow 68.8% larger than the average in the area
3,850 SqFt in the area
$ 138 $/SqFt
This listing is play_arrow 70.9% less than the average in the area
$ 475 $/SqFt in the area
265 days on site
This listing is play_arrow 6.5% below the average in the area
284 days on site in the area

Schools in the Area

  • turned_in
    Elementary School
    Blue Hole
  • turned_in
    Middle School
    Danforth
  • turned_in
    High School
    Wimberley
Listed By Stacy Bass
Brokerage: Compass RE Texas, LLC

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