12064 Park Road 37, Lakehills, TX 78063
- $139,900
- 2
- BD
- 1
- BA
- 511
- SqFt
- List Price
- $139,900
- Status
- ACTIVE
- Days on Market
- 193
- Price Change
- ▼ $10,000 1780786735
- MLS#
- 1935442
- Style
- One Story, Split Level, Other
- Year Built
- 1955
- Bedrooms
- 2
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 511
- Lot Size
- 15,245
- Acres
- 0.35
- Subdivision
- Avalon
Property Description
Priced to sell! Versatile property offering the potential to live on site while generating rental income! Seller Finance Option Terms (firm): $60K down payment, 2-Year Seller Carry, 12% Interest. Welcome home to a one-of-a-kind versatile studio featuring a 1950s Spartan Mansion integrated into the primary building, creating a distinctive experience and functional two bedroom home or live-work space. Spanning seven contiguous lots with mature oaks and cedars, the property offers a turnkey opportunity for hobbyists and investors alike. With an outbuilding, covered patio, additional land for recreation, storage, and parking, there is ample space for numerous possibilities. In addition, the property is already equipped to generate rental income (33% pro-forma cap rate), as the property includes two full RV and tiny home hookups. All utilities are on-site, providing a seamless setup for an owner-user to live in the multi-purpose studio while generating income to offset your loan payment. Located just minutes from the new H-E-B at Hwy 211/Culebra Rd, Alamo Ranch, and Medina Lake, this expansive property balances hill country charm with access to many city amenities. Schedule your tour today!
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Additional Information
- Interior Features
- Security System (Owned), Pre-Wired for Security, Electric Water Heater, Private Garbage Service
- Exterior Features
- Patio Slab, Covered Patio, Chain Link Fence, Solar Screens, Storage Building/Shed, Has Gutters, Mature Trees, Detached Quarters, Dog Run Kennel, Workshop, Other - See Remarks
- Property Description
- One Story, Split Level, Other
- Heating
- 1 Unit
- Air Conditioning
- Two Window/Wall
- Exterior Construction
- Pre-Owned
- Exterior Features
- Wood, Siding, Metal Structure
- Stories
- 1
- Roof
- Metal
- Foundation
- Slab
- Pool Type
- None
- Parking
- None/Not Applicable
- School District
- Bandera Isd
- Elementary School
- Hill Country
- Middle School
- Bandera
- High School
- Bandera
- View
- County VIew
Listing courtesy of Listing Agent: Thomas Martinez (Thomas@HireLeverageGroup.com) from Listing Office: Leverage Realty Consulting Group.
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