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Richard Soto

  • Office 210-348-3717
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214 Windmill Hill, Seguin, TX – $14,000,000

  • $14M Price
  • 90,293 Sqft
  • 32 Acres
  • 83 DOM
  • $14M Price
  • 90,293 Sqft
  • 32 Acres
  • 83 DOM

214 Windmill Hill

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

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Essential Information

  • MLS® #1658652
  • Price$14,000,000
  • Square Footage90,293
  • Acres32.00
  • Year Built2005
  • TypeCommercial
  • StatusActive
  • Housing TypeApts/Retail/Strip/BusPrk

Remarks

$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

Community Information

  • Address214 Windmill Hill
  • Area2705
  • CitySeguin
  • CountyGuadalupe
  • StateTX
  • Zip Code78155

Amenities

  • Parking Spaces260

Utilities

Electricity, Water, Septic, Cable TV, Telephone

Interior

  • HeatingCentral
  • CoolingCentral
  • # of Stories1.0
  • Stories1

Exterior

  • RoofComposition
  • ConstructionWood
  • FoundationSlab

School Information

  • DistrictNavarro Isd

Additional Information

  • Date ListedJanuary 3rd, 2023
  • Days on Market83
  • ZoningMULTI FAMILY

Listing Details

  • OfficeAmberson Realty
  • Office Contact(210) 825-0652
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The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the San Antonio Board of Realtors®, and is updated as of March 27th, 2023 at 8:51pm CDT (date/time).

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.