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Kalen Mills

kalen.r.mills@gmail.com +1(830) 329-8698

$990,000

Est. payment - /mo

4,646 SqFt

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,646 sqft

Price per Sqft $213

Subdivision Sand Castle (Gill)

MLS Listing ID 125331

Style Traditional

Year Built 1980

Lot Size 0.281 Acres

Lot Dimensions 12242

Property Sub-Type Multi Family

Property Description

Premier Fredericksburg 6-Plex | Fully Leased Investment Opportunity Exceptional six-unit multifamily property presents a rare opportunity to acquire a fully leased, income-producing asset in one of the Texas Hill Country's most desirable investment markets. Located at 1402 N. Adams Street in Fredericksburg, this well-maintained apartment community offers immediate cash flow, six income-producing units, and outstanding long-term investment potential. With approximately 4,646 square feet the property is currentlyoccupied, with all six units leased under fixed-term agreements, providing investors with rental income from day one. Multifamily properties of this size and quality rarely become available in Fredericksburg, making this an exceptional opportunity for investors seeking dependable cash flow and long-term appreciation. Residents enjoy convenient access to Historic Main Street, shopping, restaurants, schools, healthcare, local employers, and the renowned wineries that have made Fredericksburg one of Texas' premier destinations. Fredericksburg's continued population growth, strong local economy, and limited multifamily inventory continue to support a healthy rental market and lon

Location

State TX

County Gillespie

Area 84-Gillespie County

Zoning Fredericksburg

Interior

Interior Features Other-See Remarks

Heating Central, Electric

Cooling Central Air, Electric

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Electric Water Heater, Dishwasher, Electric Range, Refrigerator

Laundry Other-See Remarks

Exterior

Parking Features No Garage/Carport

Utilities Available Cable Available, Phone Available

Waterfront Description None

View Y/N No

Roof Type Composition

Garage No

Building

Lot Description Corner Lot

Story One

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories One

Schools

Elementary Schools Fredericksburg

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Compass RE Texas, LLC

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Kalen Mills

+1(830) 329-8698

Agent & Appraiser License ID: 845060

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Kerrville, TX For Sale

1402 Adams St. Fredericksburg, TX 78624

Kalen Mills

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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