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400 Eagles Nest DR, Wimberley, TX 78676

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For Sale

$789,000

4,651 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $169.64
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

Prime rental property for sale in Wimberley, TX. This Investment property on 2 acres of unrestricted land has a tri-plex building with Units 5, 6, 7, built in 2006 and additional land where a single row of building units 1, 2, 3 & 4 previously stood but were unfortunately lost in a fire in 2022. All tri-plex units are currently leased with 2 expiring in late spring of 2025. Healthy market rents are being achieved (1350.00 per month). New deck on all units on this well maintained property. The price is reflective of rent/price ratio and recent sales comps of near by small multi-unit properties in the past year. This valuation method takes into consideration the tri-plex income and the remaining unrestricted land value. The valuation does not take into consideration any pro-forma values for the previous properties nor does it apply a premium on the land where the properties previously were. The replacement of the previous 4 rental units and addition of more on the remaining land could easily double the value (or more) of this property allowing the investor to realize instant equity and cash flow for years to come in a thriving area for essentially replacement costs of the buildings. This is an experienced investors ideal property with the potential to be a long term hold. This is an excellent opportunity that doesn't come around often. Please contact agent for showing requests. Please do not disturb the tenants. All site visits should be facilitated through the listing agent.
MLS# 7145847

Courtesy Of JBGoodwin REALTORS®

(512) 502-7804

Property Features

  • Age
    41-50 Years Old
  • Appliances
    Dishwasher, Range - Electric, Refrigerator, Washer
  • Architecture Style
    Other
  • Cooling System
    Central A/C
  • Exterior Type
    Wood Siding
  • Floor Covering
    Carpet, Vinyl
  • Heating Fuel
    Electric
  • Heating System
    Central Furnace
  • Lot Size
    2 Acres
  • Roof Type
    Metal
  • View Type
    Hills

Map and Directions

Directions to 400 Eagles Nest DR, Wimberley, TX 78676

Home seller CENTURY 21 Randall Morris & Associates

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Randall Morris & Associates

(512) 847-2291
Learn More About Us

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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