203 Us Highway 87, Comfort, TX 78013
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Priced at Only: $2,900,000
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Address: 203 Us Highway 87, Comfort, TX 78013
Property Location and Similar Properties
- MLS#: 1877022 ( Multi-Family (2-8 Units) )
- Street Address: 203 Us Highway 87
- Viewed: 24
- Price: $2,900,000
- Price sqft: $193
- Waterfront: No
- Year Built: 1995
- Bldg sqft: 15002
- Days On Market: 387
- Additional Information
- County: KENDALL
- City: Comfort
- Zipcode: 78013
- Subdivision: Comfort North
- District: Comfort
- Elementary School: Comfort
- Middle School: Comfort
- High School: Comfort
- Provided by: Keller Williams Boerne
- Contact: Timothy Warlow
- (210) 818-9457
- DMCA Notice
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DescriptionThis premier 2.44 acre multi use property on Highway 87 offers a multifamily residential living with additional income potential. With a 7.5% cap rate and $215,000 in annual net operating income this property is ideal for a multifamily owner. Built by custom home builders, the property reflects superior craftsmanship in every detail. Located at 203 Highway 87, the site comprises seven buildings, including two residential homes (one featuring an Airbnb suite), a medical office building with three residential lofts above, a charming residential cottage, and three multifamily buildings. Designed to maximize returns, this property offers a variety of income streams from short term and long term rentals, as well as commercial tenants. Residential rental rates are currently below market, providing significant opportunity for future growth and increased revenue. With multiple revenue streams and prime highway exposure, this is a rare investment opportunity that combines stability and long term appreciation potential.
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- Home Insurance $
- HOA Fees $
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Features
Building and Construction
- Apprx Age: 30
- Builder Name: NA
- Construction: Pre-Owned
- Exterior Features: Wood, Siding
- Flooring: Other
- Foundation: Slab
- Roofing: Metal
- Source Sqft: Appsl Dist
School Information
- Elementary School: Comfort
- High School: Comfort
- Middle School: Comfort
- School District: Comfort
Utilities
- Air Conditioning: One Central
- Heat: Central
- Heating Fuel: Electric
- Meters: Other
Finance and Tax Information
- Days On Market: 386
- Home Owners Association Mandatory: None
- Net Operating Income: 215000
- Total Tax: 4649.58
Other Features
- Contract: Exclusive Right To Sell
- Instdir: Continue onto US-87 N. Destination will be on the right.
- Legal Desc Lot: 10
- Legal Description: Comfort North Lot Pt 10, 1.884 Acres
- Op Exp Includes: Other
- Ph To Show: 2102222227
- Salerent: For Sale
- Style: Two Story
- Views: 24
- Zoning: CQ
Owner Information
- Owner Lrealreb: No
Nearby Subdivisions