388 Faust StNew Braunfels, TX 78130

Property Details for 388 Faust St

Year built

2011

Lot size

0.21 AC

Property size (Sq ft)

2,160 SF

Property type

Residential income homes

Property subtype

Dormitories

Description

This exceptional investment opportunity presents a fully leased, two-unit duplex located in the heart of New Braunfels, Texas. Built in 2011 and renovated in 2023, this Class C multifamily property boasts a total of 2,160 square feet, with each unit offering 1,080 square feet of living space. Each unit features three bedrooms, two bathrooms, and a one-car attached garage. Currently generating a total monthly rental income of $3,650 ($1,800 and $1,850 respectively), this property offers a 5.09% cap rate and a strong net operating income (NOI) of $31,792. The asking price is $625,000, or $312,500 per unit. Situated on a 0.21-acre lot with C3 zoning, the property provides five parking spaces per unit. Its prime location near the historic Faust Street Bridge and the Guadalupe River offers easy access to downtown amenities and recreational activities. The property's open floor plans, covered patios, and shaded backyards enhance its appeal to tenants. The flexible zoning allows for short-term rentals, further maximizing investment potential. An identical duplex is also available for sale nearby, presenting a unique opportunity to acquire a portfolio of high-performing assets in a highly desirable location. This turnkey investment offers immediate cash flow and significant long-term growth potential.

Location Insight

City

New Braunfels

County

Comal

State

Texas

Latitude

29.6965

Longitude

-98.1092

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