**Investor Opportunity!** Fully occupied 8-unit multifamily property plus one income-producing RV space in Comfort, Texas. This turnkey investment provides immediate cash flow with approximately $93,900 in annual gross rental income. Long-term tenants, fully occupied, and month-to-month leases offer an established income stream along with flexibility for future management. Several units are currently leased below market according to the seller, creating a value-add opportunity through future rent adjustments as market conditions and applicable laws allow. Individual utility meters are already installed, providing the potential to transition from owner-paid utilities to tenant-paid utilities, subject to lease terms and applicable regulations. Situated on approximately 2.12 acres with 4,664 square feet of improvements, the property also offers potential for future development or expansion, subject to buyer verification of zoning and other applicable requirements. According to the seller, the property has not experienced flooding during their ownership. The property is located within a FEMA-designated floodway, and buyers should independently verify floodplain requirements, insurance availability, financing, and all property information during their due diligence.
13 days
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398
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19
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Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Ernesto VillarrealTREC #721873(210) 912-6290,
Phyllis Browning Company
Source: LERA MLS,MLS#: 1999997
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 8
Full bathrooms: 8
Heating
Central, Electric
Cooling
Multi Units
Appliances
Included: Oven, Refrigerator, Oven/Stove
Features
Flooring: Vinyl, Laminate
Has basement: Yes
Interior area
Total interior livable area: 4,664 sqft
Property
Parking
Total spaces: 16
Parking features: Parking Pad, Pad
Features
Levels: One
Stories: 1
Exterior features: Not Applicable/None
Lot
Size: 2.12 Acres
Details
Parcel number: 1514000300621
Zoning description: NONE
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Wood Siding, Other
Foundation: Slab, Basement
Roof: Metal
Utilities & green energy
Electric: BEC, Separate Electric Meter(s), Common Electric Meter(s)
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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