12064 Park Road 37, Lakehills, TX 78063
- $139,900
- 15,500
- SqFt
- List Price
- $139,900
- Price Change
- ▼ $10,000 1780885142
- MLS#
- 1875203
- Status
- ACTIVE
- Number of Units
- 6
- County
- Bandera
- City
- Lakehills
- Subdivision
- Avalon
- Living Area
- 15,500
- Acres
- 0.35
Property Description
Priced to sell! Take advantage of this multi-unit property with opportunities for upside and value-add! Located in the high-growth corridor northwest of San Antonio on Park Road 37, this unrestricted property offers a 33% pro-forma cap rate solely from projected rental income. Day one provides you with flexible options to immediately lease a minimum of six spaces (two buildings, two full hookup RV spaces, two camping/storage spaces), with space to add several more units across its seven lots. The property's buildings offer mixed-use potential ideal for retail, office, short-term rental, studio, storage, and/or QSR. The interior of one of the buildings includes a 1950s Spartan Mansion that is seamlessly integrated, creating a distinctive setting. Significant updates to the buildings and grounds have been implemented, including utilities, aesthetics, and site updates making this a turnkey opportunity for long-term leases or short-term rentals. Water, sewer, and electricity are throughout the property. 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. Seller Finance Option Terms (firm): $60K down payment, 2-Year Seller Carry, 12% Interest. Schedule your tour today!
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Additional Information
- Days on Market
- 411
- Year Built
- 1955
- Builder Name
- Varies
- Cooling
- 3+ Window/Wall, Other
- Heating
- 3+ Units
- Exterior Features
- Patio Slab, Covered Patio, Solar Screens, Mature Trees, Workshop, Partially Wooded, Mature Trees (ext feat), Lake Medina
- Exterior
- Brick, Wood, Metal Structure
- Roof
- Metal
- Floor
- Carpeting, Stained Concrete
- School District
- Bandera Isd
- Elementary School
- Hill Country
- Middle School
- Bandera
- High School
- Bandera
Mortgage Calculator
Listing courtesy of Listing Agent: Thomas Martinez (Thomas@HireLeverageGroup.com) from Listing Office: Leverage Realty Consulting Group.
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability. 
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