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.
| MLS # | 2019378 |
|---|---|
| Listing Type | For Sale |
| Style | Other - See Remarks |
| Status | Active |
| Year | 1999 |
| Days On Site | 18 |
| Listing Provided By | Fredericksburg Realty | Justin Cop |
| SQ Feet | 1,760 |
|---|---|
| Zoning | NA |
| Acreage | 11.10 |
| Heating | Central, Individual Meters, Window Unit, Other |
|---|
| Roof | Metal |
|---|---|
| Foundation | Slab |
| Number Total Parking | 22 |
|---|
| Utilities | Electricity, Water, Septic |
|---|
| Tax Property Id | 74571 |
|---|---|
| Annual Tax | 21168.88 |
| Total Tax | 21168.88 |
| State | TX |
|---|---|
| County | Gillespie |
| City | Fredericksburg |
| Zip Code | 78624 |
| Area | Gillespie |
| School District | Fredericksburg |
| Listing VS Median (in 78624) | |
Price: $1,800,000 low | high Med: $1,800,000 sqft: 1,760 low | high Med: 1,760 $ / sqft: $1,023 low | high Med: $1,023 On site: 18 low | high Med: 18 | |
| State | TX |
|---|---|
| County | Gillespie |
| City | Fredericksburg |
| Zip Code | 78624 |
| Area | Gillespie |
| School District | Fredericksburg |
| Listing VS Median (in 78624) | |
Price: $1,800,000 low | high Med: $1,800,000 sqft: 1,760 low | high Med: 1,760 $ / sqft: $1,023 low | high Med: $1,023 On site: 18 low | high Med: 18 | |