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2034 Rueben Rd

New Braunfels, TX 78130
  • $6,500,000
  • STATUS: Active
  • ID#: 1605228
UPDATED: 34 min ago
$6,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2020
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

One of a kind investment opportunity on the booming I-35 Corridor. Minutes from San Antonio & Austin, these New Braunfels condominiums are in the prime location, making them ideal for long and short term rentals; minutes from Schlitterbahn, Texas State University & Gruene, TX. With limited inventory in this area due to phenomenal growth, Sungate has been able to retain majority of its original tenants and easily increase rent over each renewal. Built in 2020, this property is fully occupied and has seen a $1 million dollar valuation increase in the past year alone.

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© 2022 San Antonio Board of REALTORS® All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Bristol Palin Team | Austin Home Seeker LLC. Last updated 2022-07-07T07:33:01.123.
www.bristolpalin.com/homes/128515866
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2034 Rueben Rd New Braunfels, TX 78130

  • Price: $6,500,000
  • Status: Active
  • On Site: Days
  • Updated: 34 min ago
  • ID#: 1605228
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2020
Built
Neighborhood:
Sungate
County:
Guadalupe
Area:
New Braunfels
Elementary School:
Call District
Middle School:
Call District
High School:
Call District
School District:
New Braunfels
Property Description
One of a kind investment opportunity on the booming I-35 Corridor. Minutes from San Antonio & Austin, these New Braunfels condominiums are in the prime location, making them ideal for long and short term rentals; minutes from Schlitterbahn, Texas State University & Gruene, TX. With limited inventory in this area due to phenomenal growth, Sungate has been able to retain majority of its original tenants and easily increase rent over each renewal. Built in 2020, this property is fully occupied and has seen a $1 million dollar valuation increase in the past year alone.
Exterior Features

Exterior Stone/RockSiding Exterior Features Patio SlabCovered PatioDouble Pane Windows Foundation Slab Roof Composition Unit Eight Parking Spaces 4 Unit Eight Parking Type Attached Unit Five Parking Spaces 4 Unit Five Parking Type Attached Unit Four Parking Spaces 4 Unit Four Parking Type Attached Unit One Parking Spaces 4 Unit One Parking Type Attached Unit Seven Parking Spaces 4 Unit Seven Parking Type Attached Unit Six Parking Spaces 4 Unit Six Parking Type Attached Unit Three Parking Spaces 4 Unit Three Parking Type Attached Unit Two Parking Spaces 4 Unit Two Parking Type Attached

Interior Features

Air Conditioning One Central Floor CarpetingCeramic Tile Heating Central Heating Fuel Electric Unit Eight Beds 3 Unit Eight Full Baths 2 Unit Eight Half Baths 1 Unit Eight Handicap Access No Unit Eight Info Oven/StoveDisposalDishwasherWasher ConnectionDryer Connection Unit Five Beds 3 Unit Five Full Baths 2 Unit Five Half Baths 1 Unit Five Handicap Access No Unit Five Info Oven/StoveDisposalDishwasherWasher ConnectionDryer Connection Unit Four Beds 3 Unit Four Full Baths 2 Unit Four Half Baths 1 Unit Four Handicap Access No Unit Four Info Oven/StoveDisposalDishwasherWasher ConnectionDryer Connection Unit One Beds 3 Unit One Full Baths 2 Unit One Half Baths 1 Unit One Handicap Access No Unit One Info Oven/StoveDisposalDishwasherWasher ConnectionDryer Connection Unit Seven Beds 3 Unit Seven Full Baths 2 Unit Seven Half Baths 1 Unit Seven Handicap Access No Unit Seven Info Oven/StoveDisposalDishwasherWasher ConnectionDryer Connection Unit Six Beds 3 Unit Six Full Baths 2 Unit Six Half Baths 1 Unit Six Handicap Access No Unit Six Info Oven/StoveDisposalDishwasherWasher ConnectionDryer Connection Unit Three Beds 3 Unit Three Full Baths 2 Unit Three Half Baths 1 Unit Three Handicap Access No Unit Three Info Oven/StoveDisposalDishwasherWasher ConnectionDryer Connection Unit Two Beds 3 Unit Two Full Baths 2 Unit Two Half Baths 1 Unit Two Handicap Access No Unit Two Info Oven/StoveDisposalDishwasherWasher ConnectionDryer Connection

Property Features

Annual Operating Expense 68667 Approx Age 2 Builder Name Tri-Way Development For Sale Or Rent For Sale Gross Annual Income 382500 Hoa Mandatory Mandatory Hoa Name1 Sungate Meters Separate ElectricSeparate Water Multifamily Type Two Story Multiple Hoa No Net Operating Income 313833 Operating Expense Includes TaxesManagementServices Potential Short Sale No Proposed Terms ConventionalCash Subdivision Legal Name Sungate Taxed By Multiple Counties No Total Tax 38067 Unit Eight Rent 1695 Unit Five Rent 1695 Unit Four Rent 1695 Unit One Rent 1695 Unit Seven Rent 1695 Unit Six Rent 1695 Unit Three Rent 1695 Unit Two Rent 1695 Vacancy Rate 0

Listing provided courtesy of Dominique Jimenez of Real.


© 2022 San Antonio Board of REALTORS® All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Bristol Palin Team | Austin Home Seeker LLC. Last updated 2022-07-07T07:33:01.123.
 
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