Address
135 & 125 Mitchell Dr Spring Branch, TX
Price
$ 2,000,000
Property Attributes
  • MLS#1519475
  • TypePending
  • CountyCOMAL
  • CitySpring Branch
  • Area2613
  • Zip78070
  • StyleCommercial Improved Prop
  • Year Built1975
  • Taxes$ 1
  • Price$ 2,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size14.3 Acres
Listing Provided Courtesy Of:
Ernesto Gonzalez at RE/MAX Signature
Data Source:
San Antonio (SABOR) - 136 - TX
Property Description

Investors Opportunity! 14 plus acres in Spring Branch near Highway 46 with a principal home, additional 19 rental units, and hose barn. Plenty of open space for recreation or further development. The back end of this property sits directly behind Faithville Shopping Center. The property consists of one single family home, 19 rental units which have had a very strong occupancy history, near 100% occupancy level since origination . An investor will have the ability to increase rents immediately on the 19 "month to month" rental units and further increasing income by leasing the principal residence. Gross Income stated is based on current rentals received. The site also offers additional space to built or add more rental units and increase investment profits.

Price History
4/9/2021 Listed $2,000,000

General Features

Amenities Not Applicable/None
Available W/ Lease No
Building/center Name NONE
Ceiling Height 10
Class Commercial Improved Prop
Construction Other
Legal Description RIDGEVIEW OAKS EAST, LOT 6 and
Listing Area 2613
Number of Buildings 20
Number of Units 20
Potential Short Sale No
Proposed Terms Cash, Conventional, Contract for Deed
Restrictions None
School District Smithville ISD
Status Pending
Stories 1
Taxes 1.781369
Type Multi-Use
Utilities Electricity, Water, Telephone, Sewer
Year Built 1975
Zoning MULTIPLE

Exterior Features

Sale Includes Buildings, Land
Flood Plan None
Foundation Other
Lot Size 14.3
Rail Service No
Total Parking 50

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 78070

Price
AVG $290K
$2M
Visits
AVG 65
31
Year Built
AVG 2015
1975

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