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$ 2,900,000
Est. payment /mo
Active
203 Us Highway 87 Comfort, TX 78013
15,002 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family (2-8 Units)
Listing Status Active
Purchase Type For Sale
Square Footage 15,002 sqft
Price per Sqft $193
Subdivision Comfort North
MLS Listing ID 1877022
Style Two Story
Construction Status Pre-Owned
Year Built 1995
Annual Tax Amount $4,649
Lot Size 1.884 Acres
Property Sub-Type Multi-Family (2-8 Units)
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.
Location
State TX
County Kendall
Area 2510
Zoning CQ
Interior
Heating Central
Cooling One Central
Flooring Other
Exterior
Exterior Feature Wood, Siding
Roof Type Metal
Building
Foundation Slab
Construction Status Pre-Owned
Schools
Elementary Schools Comfort
Middle Schools Comfort
High Schools Comfort
School District Comfort
Others
Acceptable Financing Cash
Listing Terms Cash
Listed by Timothy Warlow • Keller Williams Boerne • (210) 818-9457