Major price reduction! Versatile property offering the potential to live on site while generating rental income! Seller Finance Option Terms (firm): $60K down payment, 2-Year Seller Carry, 12% Interest. Welcome home to a one-of-a-kind versatile studio featuring a 1950s Spartan Mansion integrated into the primary building, creating a distinctive experience and functional two bedroom home or live-work space. Spanning seven contiguous lots with mature oaks and cedars, the property offers a turnkey opportunity for hobbyists and investors alike. With an outbuilding, covered patio, additional land for recreation, storage, and parking, there is ample space for numerous possibilities. In addition, the property is already equipped to generate rental income (33% pro-forma cap rate), as the property includes two full RV and tiny home hookups. All utilities are on-site, providing a seamless setup for an owner-user to live in the multi-purpose studio while generating income to offset your loan payment. Located just minutes from the new H-E-B at Hwy 211/Culebra Rd, Alamo Ranch, and Medina Lake, this expansive property balances hill country charm with access to many city amenities. Schedule your tour today!
Details
MLS #
1935442
Listing Type
For Sale
Style
House
Status
Active
Year
1955
Days On Site
243
Listing Provided By
Leverage Realty Consulting Group | Thomas Martinez
Features
Bed(s)
2
Bath(s)
1 Total
SQ Feet
511
Story(s)
1
Acreage
0.35
Interior
Interior
Shop, 1st Floor Lvl/No Steps, High Speed Internet, All Bedrooms Downstairs
Heating
1 Unit
Heating Fuel
Electric
Fireplace
Not Applicable
Exterior
Exterior
Wood, Siding, Metal Structure
Exterior Features
Patio Slab, Covered Patio, Chain Link Fence, Solar Screens, Storage Building/Shed, Has Gutters, Mature Trees, Detached Quarters, Dog Run Kennel, Workshop, Other - See Remarks
Leverage Realty Consulting Group – (800) 401-0199 – [email protected]
Request a showing
Request a showing
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