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Map
$373,000 - $455,000
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Multifamily -
Off Market
505 & 507 Riverside Drive
New Braunfels, TX 78130
Studio
0 Bath
1896 Sqft
About This Property
Prime investment opportunity! This charming duplex featuring two 2
bed, 1.5 bath rentals in the desirable Summerwood subdivision
offers a great location on a quiet cul-de-sac. Enjoy a spacious
fenced yard with no rear neighbors and easy access to shopping,
schools, and highways. Updates over the last few years include a
new roof (2013), updated kitchen and vinyl plank flooring in unit
505, along with a new walk-in shower and tile as well as a new
sprinkler system in 2022. Unit 507 has an updated AC unit,
water heater, garage door opener and recent interior paint
completed in 2023. Carpet was also replaced in 2019 in this unit.
The kitchens are complete with refrigerator, stove, and dishwasher.
Both units are leased: one unit is leased until Jul '24 and the
other Jan '25! Summerwood Park amenities include a paved
walking trail, tennis court, picnic areas, and a dock with relaxing
views of the Guadalupe River. Don't miss out on this fantastic
investment opportunity!
The manager has listed the unit size as 1896 square feet.
The manager has listed the unit size as 1896 square feet.
Unit Size
1,896Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$219
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1983
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 6, 2024 | Listed | $414,590 | |
Listed | |||
May 23, 2022 | Sold | $312,550 | |
Sold |
Property Highlights
Air Conditioning
Exterior Details
Exterior Information
Brick and Wood
Masonry
Wood
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Multifamily
3
Beds
-
2,744 ft²
$138/ft²
$379,900
Mar 25, 2019
$379,900
Feb 18, 2020
$71/mo
House
3
Beds
2
Baths
1,740 ft²
$223/ft²
$388,000
Apr 27, 2020
$388,000
Jun 26, 2020
$453/mo
Sold
House
3
Beds
2
Baths
1,873 ft²
$179/ft²
$335,000
Jul 13, 2020
$335,000
Aug 14, 2020
$551/mo
House
2
Beds
2
Baths
1,368 ft²
$254/ft²
$348,000
Feb 11, 2022
$348,000
May 9, 2022
$379/mo
House
2
Beds
1
Bath
1,314 ft²
$331/ft²
$435,000
Feb 20, 2022
$435,000
Mar 14, 2022
$387/mo
Sold
House
2
Beds
1
Bath
1,204 ft²
$331/ft²
$398,400
Jun 17, 2022
$398,400
Sep 1, 2022
$443/mo
Active
Multifamily
Stu
4
Baths
1,904 ft²
$192/ft²
$365,000
Feb 9, 2024
-
$484/mo
Active
House
3
Beds
2
Baths
1,728 ft²
$241/ft²
$415,900
May 10, 2024
-
$502/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
505 Riverside Drive
505 Riverside Drive, New Braunfels, TX 78130
- 1 Unit for Sale
About Summerwood
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