5441 Fm 1102New Braunfels, TX 78132

This exceptional mixed-use property in New Braunfels, Texas, presents a compelling investment opportunity. Located at 5441, 5481 FM 1102, this 1.35-acre site boasts 5 buildings totaling 5,167 square feet, currently operating at 100% occupancy. The property features a blend of residential and commercial spaces, including two short-term rentals, two long-term rentals, and two commercial leases, generating a current net operating income (NOI) of $131,000, with a pro-forma NOI of $143,000. The asking price is $2,200,000, representing a current cap rate of 5.95% and a pro-forma cap rate of 6.50%. The property benefits from unrestricted zoning, allowing for diverse development possibilities. Situated on a high-traffic road with excellent visibility, the property is near new single-family residential and multi-family developments, and minutes from the vibrant Gruene district. A new septic system was installed in 2023. The average household income in the area is $134,151. Seller financing is available, making this a truly attractive investment prospect. The property's historic charm, combined with its strategic location and strong financial performance, makes it an ideal addition to any portfolio. The buildings date back to the 1800s.