$1,800,000
( $1022.72Per Sq Foot )
 $9,663 est/mo Sourced by Back At You

114 Fleury Way,Fredericksburg, TX 78624

Fredericksburg, TX 78624

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Description

Situated on approximately 11.10 acres just north of Fredericksburg, this established income-producing property offers a rare opportunity to acquire a multi-residence investment in the Texas Hill Country. Located approximately 7 miles, or an 11-minute drive, from downtown, the property combines a convenient location with a private, rural setting. The property is currently fully occupied, providing an established rental operation with the potential for continued long-term income. The property includes 11 residential units, with improvements constructed primarily in 1995, 1996, and 2011. The residences are arranged along Fleury Way and Collard Drive, creating a small residential community with a mix of homes and additional living accommodations. Mature trees, open areas, and outdoor improvements contribute to the property's Hill Country setting. A grandfathered water well, reportedly producing approximately 75-100 gallons per minute, serves as an important utility feature for the property. With its existing tenant base, multiple residences, and close proximity to Fredericksburg, this property presents an attractive opportunity for investors seeking a diversified residential rental asset. The combination of acreage, established improvements, and income-producing use offers flexibility for continued operation and future investment planning, subject to applicable regulations and property restrictions.

Details

MLS #2019378
Listing TypeFor Sale
StyleOther - See Remarks
StatusActive
Year1999
Days On Site18
Listing Provided ByFredericksburg Realty | Justin Cop

Features

SQ Feet1,760
ZoningNA
Acreage11.10

Interior

HeatingCentral, Individual Meters, Window Unit, Other

Exterior

RoofMetal
FoundationSlab

Parking

Number Total Parking22

Utilities

UtilitiesElectricity, Water, Septic

Taxes

Tax Property Id74571
Annual Tax21168.88
Total Tax21168.88

Area Information

StateTX
CountyGillespie
CityFredericksburg
Zip Code78624
AreaGillespie
School DistrictFredericksburg
Listing VS Median (in 78624)
Price:
$1,800,000
low | high
Med:
$1,800,000
50% of Average
sqft:
1,760
low | high
Med:
1,760
50% of Average
$ / sqft:
$1,023
low | high
Med:
$1,023
50% of Average
On site:
18
low | high
Med:
18
100% of Average
Sourced by Back At You

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IDX information is provided exclusively for LERA MLS (Local Expertise. Regional Access) consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability.

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Learn More About This Property

StateTX
CountyGillespie
CityFredericksburg
Zip Code78624
AreaGillespie
School DistrictFredericksburg
Listing VS Median (in 78624)
Price:
$1,800,000
low | high
Med:
$1,800,000
50% of Average
sqft:
1,760
low | high
Med:
1,760
50% of Average
$ / sqft:
$1,023
low | high
Med:
$1,023
50% of Average
On site:
18
low | high
Med:
18
100% of Average
Sourced by Back At You
Listing Updated: October 5, 2026 at 11:20:11 PM PDT
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