Traditional, Duplex
327 South Water Lane, New Braunfels, TX 78130, USA
About This Duplex
This investment property is a great way to add to, or start your Real Estate
Investment Portfolio. This property is apart of a Portfolio sale.
On the Ease side of IH-35 on Water Lane and Morningside Drive. This is a very
fast growing community. Easy access to IH-35 leading to Austin and San
Antonio. The property is just as close toFM 1044Leading from New Braunfels to
Seguin. Also residing near the corner of IH-35 and Loop 337 offering summary
Sale Price: $374, 000
Number of Units: 2
Lot Size: 0.195Acres
Building Size: 2, 058 SF
NOI: $19, 967.47
Cap Rate: 5.33% Property highlights
Investment Property
Fully Occupied
Rent Bumps Possible
One New AC Unit
New Dimensional Shingle Roof
Near IH-35 & Loop 337 current rate :
CAP RATE 5.33%
Grm 14.63 market rate :
CAP RATE 9.03%
GRM 9.44Rent Rate325 2/2: $1, 040.00
Rent Rate327 2/2: $1, 090.00
Total rent rates: $2, 130.00
Property Includes
- Fireplace
- Heating Fireplace
- Architecture New Traditional
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Household Income
The chart below presents how household income is distributed in New Braunfels, TX in comparison to the revenue allocation amid households nationally.