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12064 Park Road 37, Lakehills, TX 78063
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  • MLS#: 1875203 ( Multi-Family (2-8 Units) )
  • Street Address: 12064 Park Road 37
  • Viewed: 41
  • Price: $149,900
  • Price sqft: $10
  • Waterfront: No
  • Year Built: 1955
  • Bldg sqft: 15500
  • Days On Market: 320
  • Additional Information
  • County: BANDERA
  • City: Lakehills
  • Zipcode: 78063
  • Subdivision: Avalon
  • District: Bandera Isd
  • Elementary School: Hill Country
  • Middle School: Bandera
  • High School: Bandera
  • Provided by: Leverage Realty Consulting Group
  • Contact: Thomas Martinez
  • (210) 878-6683
  • San Antonio, TX MLS IDX
  • DMCA Notice
  • Description
    Major price reduction with significant value add and upside for achieving a 31% cap rate! Located in the high growth corridor northwest of San Antonio on Park Road 37, this unrestricted property offers a 31% pro forma cap rate (solely from rental income) and flexible options to lease a minimum of six spaces (up to eight without expansion) or combine as a tenant and owner user mix. Spanning seven lots, the property features a mixed use building, a covered detached patio with an adjacent structure (possible food stand QSR), multiple storage structures, and two to four RV or tiny home pads with full hookups. A 1950s Spartan Mansion is seamlessly integrated into the building, creating a distinctive setting for retail, office, or lodging use. Significant updates to the building and grounds, including utilities, aesthetics, and site improvements make this a turnkey opportunity for long term leases or short term rentals. Water, sewer, and electricity are already on site. With easy access to the new H E B grocer at Hwy 211/Culebra Rd, Alamo Ranch, Helotes, Bandera, and Medina Lake, plus ample parking and natural shade from mature oaks and cedars, this versatile property is full of potential. Schedule your tour today!
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Features
Building and Construction
  • Apprx Age: 71
  • Builder Name: Varies
  • Exterior Features: Brick, Wood, Metal Structure
  • Flooring: Carpeting, Stained Concrete
  • Foundation: Slab, Other
  • Other Structures: Outbuilding, Shed(s), Storage
  • Roofing: Metal
  • Source Sqft: Appsl Dist
School Information
  • Elementary School: Hill Country
  • High School: Bandera
  • Middle School: Bandera
  • School District: Bandera Isd
Eco-Communities
  • Water/Sewer: Septic
Utilities
  • Air Conditioning: 3+ Window/Wall, Other
  • Heat: 3+ Units
  • Heating Fuel: Electric
  • Meters: Common Water, Common Electric, Other
  • Recent Rehab: Yes
  • Utility Supplier Elec: BES
  • Utility Supplier Gas: Private
  • Utility Supplier Grbge: Private
  • Utility Supplier Other: Internet
  • Utility Supplier Sewer: Septic
  • Utility Supplier Water: Private Well
Finance and Tax Information
  • Annual Operating Expense: 4557
  • Days On Market: 318
  • Home Owners Association Mandatory: None
  • Net Operating Income: 45843
  • Total Tax: 1057
Other Features
  • Block: 64
  • Contract: Exclusive Right To Sell
  • Instdir: From Alamo Ranch: Culebra/471, Right on FM1283, Left on Park Road (PR) 37, Property on the right, From Helotes: Bandera Rd/HWY 16, Left on PR37, Property on the right, From Pipe Creek: HWY 16, Right on FM1283, Right on PR37, Property on right
  • Legal Desc Lot: MULTI
  • Legal Description: Avalon H BLK 64 LT 1-4 and Avalon H BLK 64 LT 11-13
  • Op Exp Includes: Taxes, Insurance, Maintenance, All Utilities, Equipment
  • Ph To Show: 210-222-2227
  • Salerent: For Sale
  • Views: 41
Owner Information
  • Owner Lrealreb: No
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  1. Jose Robledo, REALTOR ®
  2. Premier Realty Group
  3. I'll Help Get You There
  4. Mobile: 830.968.0220
  5. Mobile: 830.968.0220
  6. joe@mevida.net