Skip To Content

214 Windmill Hill

Seguin, TX 78155
  • $14,000,000
  • STATUS: Active
  • MLS #: 1658652
UPDATED: 74 min ago
$14,000,000
  • 0
    BEDS
  • 32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 90,293
    SQFT
  • $155
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2005
County:
Area:

School Ratings & Info

School District:

Description

Large scale rental community! 66 houses, 18 manufactured homes, 7 lots for rent to mobile homes, and room to expand up to 30 more houses on 7 tax parcels totaling more than 32 acres. Great location, just off Highway 46, 4 miles to Seguin, 6 miles to New Braunfels in booming area. possible owner carry at 6% with 20% down payment. monthly debt service would be $67,000. Super low taxes,Current rent roll is $400 per unit below market for the area, as current owner has not raised rents in more than 10 years. Current cap rate at 5.54, but easily improved to over 13% with minimal rent increases and seller financing . All properties have city water, city electric, individual septic systems. Multiple wells on property, used for landscape water source. Just 1/2 mile to Guadalupe River. all measurements and numbers are approximate and to the best of our knowledge

Monthly Payment Calculator



© 2023 San Antonio Board of REALTORS® All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Glover Homes & Land Group at Keller Williams Heritage. Last updated 2023-02-05T20:32:30.98.
www.gloverhomesandland.com/homes/135732355
Print Image

214 Windmill Hill Seguin, TX 78155

  • Price: $14,000,000
  • Status: Active
  • On Site: Days
  • Updated: 74 min ago
  • MLS #: 1658652
0
Beds
0
Baths
0
½ Baths
32
Acres
90,293
SQFT
$155
$/SQFT
2005
Built
Neighborhood:
Seguin
County:
Guadalupe
Area:
Seguin
School District:
Navarro Isd
Property Description
Large scale rental community! 66 houses, 18 manufactured homes, 7 lots for rent to mobile homes, and room to expand up to 30 more houses on 7 tax parcels totaling more than 32 acres. Great location, just off Highway 46, 4 miles to Seguin, 6 miles to New Braunfels in booming area. possible owner carry at 6% with 20% down payment. monthly debt service would be $67,000. Super low taxes,Current rent roll is $400 per unit below market for the area, as current owner has not raised rents in more than 10 years. Current cap rate at 5.54, but easily improved to over 13% with minimal rent increases and seller financing . All properties have city water, city electric, individual septic systems. Multiple wells on property, used for landscape water source. Just 1/2 mile to Guadalupe River. all measurements and numbers are approximate and to the best of our knowledge
Exterior Features

Construction Wood Drive In Doors 2 Foundation Slab Loading Facilities None Rail Service No Roof Composition Total Parking 260

Interior Features

Air Conditioning Central Apartment Sq Ft 90960 Ceiling Height 8 Heating Central Warehouse Industrial Sq Ft 500

Property Features

Annual Tax 60000 Approx Age 18 Available With Lease No Building Center Name Windmill Hill City Tax 0 Commercial Type Apts/Retail/Strip/Busprk County Tax 12091 Flood Plain None Gas And Electric 4000 Gross Building Area 90960 Gross Income 1344000 Income Expenses Estimated Insurance 33000 Lease Only No Maintenance 45000 Monthly Lease 0 Net Operating Income 1189000 Other Tax 1609 Potential Short Sale No Proposed Terms Sale OnlyCashConventional1St Seller Carry Rentals 91 Restrictions Subdivision Sale Includes BuildingsLandEquipmentFixtures Sale Rent For Sale School Tax 43149 Total Tax 56849 Utilities ElectricityWaterTelephoneSepticCable Tv Vacancy Rate Year .15 Waste Removal 9000 Zoning Multi Family

Listing information © 2023 San Antonio Board of REALTORS®.
Listing provided courtesy of Anita Reeves of Amberson Realty: areeves@satx.rr.com, (210) 825-0652.


© 2023 San Antonio Board of REALTORS® All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Glover Homes & Land Group at Keller Williams Heritage. Last updated 2023-02-05T20:32:30.98.
 
https://bt-photos.global.ssl.fastly.net/sabor/orig_boomver_2_1658652-2.jpg https://bt-photos.global.ssl.fastly.net/sabor/orig_boomver_2_1658652-2.jpg https://bt-photos.global.ssl.fastly.net/sabor/orig_boomver_2_1658652-2.jpg
Logo
The Glover Homes & Land Group at Keller Williams Heritage
1717 N. Loop 1604 E.
San Antonio TX, 78232