1. Texas
  2. Comfort
  3. 203 Us Highway 87
$2,900,000

203 Us Highway 87, Comfort, TX 78013

  • 15,002 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1995
  • Property Lot Size Icon1.88acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $193/sqft
  • Property List Date Icon Listed 1 year ago

Property Description

This 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.

Listing Status:
Active
Date Added:
June 17, 2024 at 05:00AM
Listing Office:
Keller Williams Boerne : (830) 816-3500
Listing Agent:
Timothy Warlow : (210) 818-9457
MLS ID:
1877022
  • Flooring: Other
  • A/C: One Central
  • Heating: CentralElectric

This listing courtesy of Timothy Warlow, Keller Williams Boerne

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Comfort Elementary School

605 3rd St, Comfort, TX, 78013

Grades PK-5

2.02 miles away

C

Comfort Middle School

216 High St, Comfort, TX, 78013

Grades 6-8

2.10 miles away

C

Comfort High School

143 US Highway 87, Comfort, TX, 78013

Grades 9-12

0.40 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.