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.
| MLS # | 1991102 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1999 |
| Days On Site | 79 |
| Listing Provided By | RE/MAX Preferred, REALTORS | Charles Acosta |
| SQ Feet | 5,968 |
|---|---|
| Units | 8 |
| Zoning | RESIDENTIAL |
| Acreage | 5.00 |
| Heating Fuel | Electric |
|---|
| Exterior | Siding |
|---|---|
| Exterior Features | Patio Slab, Covered Patio, Mature Trees, Partially Wooded, Level |
| Foundation | Slab |
| Tax Property Id | 13900030000011 |
|---|---|
| Taxed By Mltpl Counties | No |
| Total Tax | 3589 |
| State | TX |
|---|---|
| County | Bandera |
| City | Bandera |
| Zip Code | 78003 |
| Area | Bandera |
| Community Name | Mason Creek Estates |
| School District | Bandera Isd |
| Elementary School | Alkek |
| High School | Bandera |
| Listing VS Median (in Mason Creek Estates) | |
Price: $1,498,000 low | high Med: $960,000 sqft: 5,968 low | high Med: 2,427 $ / sqft: $251 low | high Med: $396 On site: 79 low | high Med: 5 | |
| State | TX |
|---|---|
| County | Bandera |
| City | Bandera |
| Zip Code | 78003 |
| Area | Bandera |
| Community Name | Mason Creek Estates |
| School District | Bandera Isd |
| Elementary School | Alkek |
| High School | Bandera |
| Listing VS Median (in Mason Creek Estates) | |
Price: $1,498,000 low | high Med: $960,000 sqft: 5,968 low | high Med: 2,427 $ / sqft: $251 low | high Med: $396 On site: 79 low | high Med: 5 | |