505 & 507 Riverside Drive

New Braunfels, TX 78130
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For Sale
Under Contract – P
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1,896 Sqft. ($219/Sqft.)
Multi-Family

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Description

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!

MLS#
SABORTX-1750219
List Price
$414,590 ($219/Sqft.)
Listing Status
Under Contract – P
Address
505 & 507 Riverside Drive
State
TX
Zip Code
County
Subdivision
SUMMERWOOD
Legal Description
SUMMERWOOD 6, BLOCK 5, LOT 21
Property Type
Multi-Family
Building Size
1,896 Sqft/Appraisal District
Architecture Style
Traditional
Maintenance Fee
$110 / Annually

Exterior

Roof
Composition
Foundation
Slab
Exterior Type
Other, Stone, Wood
Exterior
Covered Patio/Deck

Interior

Floors
Carpet, Vinyl
Heating
Other Heating

Lot information

Lot Size
0 Sqft. /Appraisal District
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy

Financial

Financing Considered
Cash Sale, Conventional, FHA, VA
Other Fees
Yes / 150 / 150.000
Maintenance Fee
Mandatory / $110 / Annually
Maint Fee Includes
Other

Additional information

HOA Mandatory
Yes
List Type
Exclusive Right to Sell/Lease
Buyer Agent Compensation*
2.5%

*Disclaimer: Listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Subdivision Facts

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Market update video

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Schools

School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

Assigned schools

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Source

San Antonio Board of Realtors®
Source last updated Apr 28, 2024 at 11:27 AM
Listing last updated Feb 25, 2024 at 05:57 AM
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505 & 507 Riverside Drive, New Braunfels, TX 78130. View photos, map, tax, nearby homes for sale, home values, school info...

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