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8634 E US Highway 290, Fredericksburg, TX 78624
$1,895,000
8634 E US Highway 290, Fredericksburg, TX 78624View this property at 8634 E US Highway 290, Fredericksburg, TX 78624
8634 E US Highway 290FredericksburgTX78624
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Property Description
Looking for an apartment building or mixed use development with immediate cash flow? This mixed use property, located on 11 acres with Wine Road frontage in Fredericksburg offers 15 small apartments and cabin rentals that stay rented w/ very low vacancy rate, flea market, antique shop, & onsite storage building. This property offers space to build more or start another business venture. Unrestricted. Excellent cap rate. Cannot subdivide.Restrictions: Yes
Full Property Details
Full Property Details for 8634 E US Hwy 290
General
- Price: $1,895,000
- Taxes: (2018)
- Status: Under Contract
- Type: Apartment
- MLS ID: 4411312
- Updated: 2/7/2022
- Added: 1, 014 day(s) ago
Interior
- Furnishings: Unfurnished
- Flooring: Concrete, Wood
Additional Information
- Other Features: Outbuilding
Parking
- Covered Spaces: 75
- Total Spaces: 75
- Parking Features: On Site
- Parking Ratio: 5
Location
- Area: GP
- County: Gillespie
- Subdivision: Gillespie County
- Driving Directions: Take Hwy. 290 west towards Fredericksburg. The property is located on the right, just 3 miles past 4.0 Cellars, approx. 1 mile East of Wildseed Farm, and across from Trade Days. Located at the corner of Hwy 290 and McCarty Lane.
Heating & Cooling
- Cooling Type: See Remarks
- Heating Type: See Remarks
Utilities
- Sewer: Septic Tank
- Water: Well
- Utility Description: Electricity Available
Structural Information
- # Buildings: 9
- Exterior Const.: Metal Siding, Wood Siding
- Foundation: Pillar/Post/Pier, Slab
- Roof: Metal
- Disability Access: None
- Square Feet: 21,170
- Current Bldg. Use: Office, Residential, Retail
- Year Built: 2007
- Property Condition: Resale, See Remarks
Unit Information
- Occupancy Rate: 100
Additional Structures
- Other Structures: Outbuilding
Lot Features
- Property View: None
- Lot Size (Acres): 11
- Lot Size (Sq. Ft.): 479,160
- Lot Size Source: Public Records
- Street/Road Desc.: Asphalt, PVD
- Topography: Level
- Lot Features: Level
- Lot Description: Level
Water Features
- Water Front View: None
Financial Considerations
- Lot Price Per Sq. Ft.: $3.95
- Tax Year: 2018
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Documents Avail.: Deed Restrictions, See Remarks
- Restrictions: Deed Restrictions
- Inclusions: Building & Land
- Property ID: 87087
Listed by Realty Austin
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Schools
Schools serving 8634 E US Hwy 290
School District:Fredericksburg Independent School District
Rating | Name | Grades | Distance |
---|---|---|---|
1107 S State Highway 16, Fredericksbrg, TX 78624 | 9-12 | 0.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8634 E US Hwy 290
Date
Details
Price
Change
Source
7/02/2021
Price Increased
$1,895,000
9.86%
MLS
3/04/2021
Price Increased
$1,725,000
1.77%
MLS
1/06/2021
Price Increased
$1,695,000
6.27%
MLS
8/13/2019
Listed
$1,595,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 8634 E US Hwy 290
Year
Property Taxes
Change
Tax Assessment
Change
2021
$18,906
—
$1,409,040
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 8634 E US Hwy 290
8634 E US Highway 290, Fredericksburg, TX 78624 (MLS# 4411312) is a Apartment property. 8634 E US Highway 290 is currently listed for $1,895,000 and was received on August 12, 2019. Want to learn more about 8634 E US Highway 290? Do you have questions about finding other Apartment real estate for sale in Fredericksburg? You can browse all Fredericksburg real estate or contact a Coldwell Banker agent to request more information.