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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
25818775
25818790

1066 Carolyn Cove, New Braunfels, TX 78130

ES
TX 516948
$429,000
328 days on market
Updated 41 days ago

1066-1068 Carolyn Cove

Details
Property Type Multifamily
Sub Type Apartment Building, Duplex
Square Footage 2,222
Units 2
Cap Rate 5.02%
NOI $21,536
Occupancy 100%
Price per SqFt $193
Broker Co-Op Yes
Class B
Year Built 2014
Buildings 1
Stories 1
Lot Size (SqFt) 9,888
Investment Type Stabilized

Multifamily | 2 Units | $214,500/unit

Marketing description

Turnkey investment opportunity in the desirable I35 Corridor between Austin and San Antonio featuring this well-maintained 2014 brick duplex fully leased at $1595 and $1550 respectively. Perfect for buy-and-hold investors, this property offers cash flow potential once tax assessment is abated down to market value and boasts remarkably low carrying costs including low property taxes and HOA fees of only $220 annually for both units. Each side features 3 bedrooms, 2 bathrooms, and a 2-car front-entry garage, with modern stained concrete flooring throughout for easy maintenance and durability. The units showcase granite countertops, ceiling fans, decorative fixtures, full-size washer/dryer connections, covered patios, and fenced backyards, all situated minutes from shopping with convenient IH 35 access. Professional property management is available for hands-off investing, making this an ideal turnkey opportunity for both new and seasoned investors seeking strong returns in a growing market.

Investment highlights

  • Professional Property Management

  • Low HOA at $220 annually for both units

  • 100% leased

  • Desirable tenant amenities - 2 car garage and fully fenced back yard

Listing Contacts

ES
TX 516948

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$21,536.00
$1,794.67/mo

Valuation Metrics

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DSCR
5.02%
Cap Rate
5.02%
ROI

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