37
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$1,800,000
Est. payment /mo
1,760 SqFt
New
114 Fleury Way Fredericksburg, TX 78624
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Key Details
Property Type Commercial
Sub Type Commercial Improved Prop
Listing Status Active
Purchase Type For Sale
Square Footage 1,760 sqft
Price per Sqft $1,022
MLS Listing ID 2019378
Construction Status Wood,Other
Year Built 1999
Annual Tax Amount $21,168
Lot Size 11.100 Acres
Property Sub-Type Commercial Improved Prop
Property Description
Situated on approximately 11.10 acres just north of Fredericksburg, this established income-producing property offers a rare opportunity to acquire a multi-residence investment in the Texas Hill Country. Located approximately 7 miles, or an 11-minute drive, from downtown, the property combines a convenient location with a private, rural setting. The property is currently fully occupied, providing an established rental operation with the potential for continued long-term income. The property includes 11 residential units, with improvements constructed primarily in 1995, 1996, and 2011. The residences are arranged along Fleury Way and Collard Drive, creating a small residential community with a mix of homes and additional living accommodations. Mature trees, open areas, and outdoor improvements contribute to the property's Hill Country setting. A grandfathered water well, reportedly producing approximately 75-100 gallons per minute, serves as an important utility feature for the property. With its existing tenant base, multiple residences, and close proximity to Fredericksburg, this property presents an attractive opportunity for investors seeking a diversified residential rental asset. The combination of acreage, established improvements, and income-producing use offers flexibility for continued operation and future investment planning, subject to applicable regulations and property restrictions.
Location
State TX
County Gillespie
Area 3100
Zoning NA
Interior
Heating Central, Individual Meters, Window Unit, Other
Cooling Central, Window, Individual Meters, Other
Exterior
Garage Spaces 22.0
Utilities Available Electricity, Water, Septic
Roof Type Metal
Building
Foundation Slab
Construction Status Wood,Other
Schools
School District Fredericksburg
Others
Acceptable Financing Sale Only, Cash, Conventional
Listing Terms Sale Only, Cash, Conventional
Listed by Justin Cop • Fredericksburg Realty • (830) 997-6531
NEARBY SCHOOL & BUSINESS
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