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Michelle Daep

realtormichelledaep@gmail.com +1(210) 941-7809

$ 1,498,000

Est. payment | -/mo

16 Beds

8 Baths

5,968 SqFt

Save

$ 1,498,000

Est. payment | -/mo

Save

16 Beds

8 Baths

5,968 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family (2-8 Units)

Listing Status Active

Purchase Type For Sale

Square Footage 5,968 sqft

Price per Sqft $251

Subdivision Mason Creek Estates

MLS Listing ID 1991102

Style One Story

Bedrooms 16

Full Baths 8

Construction Status Pre-Owned

Year Built 1999

Annual Tax Amount $3,589

Lot Size 5.000 Acres

Property Sub-Type Multi-Family (2-8 Units)

Property Description

Rare investment opportunity! This income-producing property features four duplexes situated on approximately 5 acres, offering both immediate cash flow and significant future upside. With roughly 2 additional acres ready for development, investors have the potential to expand and add more units. Infrastructure is already in place with water and electricity available to support future construction, helping reduce development costs and timelines. Located just 7 minutes from downtown Bandera, this property offers the perfect balance of convenience and country living. Situated outside the city limits, owners can enjoy fewer restrictions and the potential benefits of lower property taxes while remaining close to shopping, dining, schools, and entertainment. The property offers a unique combination of current rental income and long-term growth potential, making it ideal for investors, developers, or those seeking to build a larger multifamily portfolio. Whether you're looking for consistent cash flow today or expansion opportunities tomorrow, this property delivers exceptional value and flexibility.

Location

State TX

County Bandera

Area 2400

Zoning RESIDENTIAL

Interior

Heating Central

Cooling Multi-Unit Central, Three+ Central

Flooring Ceramic Tile, Vinyl

Exterior

Exterior Feature Siding

Garage Spaces 8.0

Roof Type Composition

Building

Foundation Slab

Construction Status Pre-Owned

Schools

Elementary Schools Alkek

Middle Schools Bandera

High Schools Bandera

School District Bandera Isd

Others

Acceptable Financing Conventional, FHA, VA, TX Vet, Cash, Investors OK

Listing Terms Conventional, FHA, VA, TX Vet, Cash, Investors OK

LERA MLS - Local Expertise Regional Access / SABOR

Listed by Charles Acosta • RE/MAX Preferred, REALTORS • (210) 483-5000

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs!!

+1(210) 941-7809

realtormichelledaep@gmail.com

Learn More About LPT Realty

182 Joiner Dr Bandera, TX 78003