400 Eagles Nest Drive

Wimberley, TX 78676

$789,000
Price
3
Beds
3
Baths
4,651 Sq. Ft.
$170 / Sq. Ft.
4,651
Sq. Ft.
$170
per Sq. Ft.

Description

Prime rental property for sale in Wimberley, TX. This Investment property on 2 acres of unrestricted land has a tri-plex building with Units 5, 6, 7, built in 2006 and additional land where a single row of building units 1, 2, 3 & 4 previously stood but were unfortunately lost in a fire in 2022. All tri-plex units are currently leased with 2 expiring in late spring of 2025. Healthy market rents are being achieved (1350.00 per month). New deck on all units on this well maintained property. The price...Prime rental property for sale in Wimberley, TX. This Investment property on 2 acres of unrestricted land has a tri-plex building with Units 5, 6, 7, built in 2006 and additional land where a single row of building units 1, 2, 3 & 4 previously stood but were unfortunately lost in a fire in 2022. All tri-plex units are currently leased with 2 expiring in late spring of 2025. Healthy market rents are being achieved (1350.00 per month). New deck on all units on this well maintained property. The price is reflective of rent/price ratio and recent sales comps of near by small multi-unit properties in the past year. This valuation method takes into consideration the tri-plex income and the remaining unrestricted land value. The valuation does not take into consideration any pro-forma values for the previous properties nor does it apply a premium on the land where the properties previously were. The replacement of the previous 4 rental units and addition of more on the remaining land could easily double the value (or more) of this property allowing the investor to realize instant equity and cash flow for years to come in a thriving area for essentially replacement costs of the buildings. This is an experienced investors ideal property with the potential to be a long term hold. This is an excellent opportunity that doesn't come around often. Please contact agent for showing requests. Please do not disturb the tenants. All site visits should be facilitated through the listing agent.
  1. Listed by Michael Ashby • TREC #0668161 • JBG Commercial • (512) 502-7580

Property Details for 400 Eagles Nest Drive

Subdivision Name
Eagles Nest
Waterfront
No
Waterfront Description
None
Water Access Description
None
View
Hills
View YN
Yes
Pets Allowed
Yes
Parcel Number
1006020007000008

Location

Listing Courtesy of JBG Commercial, Michael Ashby, TREC #0668161
Add your commute
LISTING UPDATED: 03/19/2024 06:08 AM

Property Details for 400 Eagles Nest Drive

StatusActive
MLS #7145847
Days on Market45
Taxes$13,653 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1979
Lot Size2.00 AC / 87,120 SF
CountyHays County

Location

Listing Courtesy of JBG Commercial, Michael Ashby, TREC #0668161
Add your commute

Building Information for 400 Eagles Nest Drive

Stories1Residences-Year Built1979Building Size-Lot Size2.00 AC / 87,120 SF

Payment Calculator

$5,444 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,306

Property Taxes

$1,138

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 400 Eagles Nest Drive

General Information
Parking
  • Garage Spaces: 0
  • Parking Features: Deck
  • Garage: No
  • Covered Spaces: 0
Interior
  • Interior Features: See Remarks
  • Flooring: Carpet, Vinyl
  • Appliances: Dishwasher, Electric Range, Refrigerator, Washer
  • Fireplace: No
  • Fireplaces Total: 0
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Restrictions: No Restrictions
Exterior
  • Exterior Features: Balcony
  • New Construction: No
  • Construction Materials: Wood Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Deck, Porch, Balcony
  • Roof: Metal
  • Fencing: Wire
  • Direction Faces: Southwest
  • Window Features: Blinds
  • Accessibility Features: None
  • Community Features: None
Property Information
Lot Information
  • Lot Features: Irregular Lot, Views
  • Horse: No
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air
  • Heating YN: Yes
  • Heating: Central, Electric
  • Sewer: Septic Tank
  • Utilities: Electricity Available
  • Owner Pays: Trash Collection
  • Water Source: Well
Unit Information
Unit 1
  • UnitNum: 5
  • BedsTotal: 1
  • NumFullBaths: 1
  • NumHalfBaths: 0
  • BathsTotal: 1
  • Furnished: Unfurnished
  • ActualRent: $1,350.00
  • LeasedYN: Yes
  • OccupantType: Occupied
  • LeaseExpires: 04-30-2025
  • PetDeposit: $.00
  • PetDepositPerPetYN: No
  • Deposit: $1,350.00
  • MonthToMonthYN: No
  • FireplaceYN: No
  • Permission: IDX
Unit 2
  • UnitNum: 6
  • BedsTotal: 1
  • NumFullBaths: 1
  • NumHalfBaths: 0
  • BathsTotal: 1
  • Furnished: Unfurnished
  • ActualRent: $1,350.00
  • LeasedYN: Yes
  • OccupantType: Occupied
  • LeaseExpires: 05-31-2025
  • PetDeposit: $.00
  • PetDepositPerPetYN: No
  • Deposit: $1,350.00
  • MonthToMonthYN: No
  • FireplaceYN: No
  • Permission: IDX
Unit 3
  • UnitNum: 7
  • BedsTotal: 1
  • NumFullBaths: 1
  • NumHalfBaths: 0
  • BathsTotal: 1
  • Furnished: Unfurnished
  • ActualRent: $1,350.00
  • LeasedYN: Yes
  • OccupantType: Occupied
  • LeaseExpires: 06-30-2024
  • PetDeposit: $.00
  • PetDepositPerPetYN: No
  • Deposit: $1,350.00
  • MonthToMonthYN: No
  • FireplaceYN: No
  • Permission: IDX
Financial Information
Taxes and HOA Information
  • Association: No
  • Tax Assessed Value: $973,088
  • Tax Year: 2023
  • Tax Rate: 1.69%
Showing Information
Showing Information
  • Security Features: See Remarks
  • Directions: Directions: N on RR 12 @ 3 miles, 200 yards past Skyline Dr is Eagles Nest. Turn and go up hill to triplex on right corner and turn in front of triplex. Short road in front of property is where 4 units used to be and is part of the property prime for rebuild of additional rental units.

Property History for 400 Eagles Nest Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 400 Eagles Nest Drive

Taxable ValueLand$168,160Additions$804,928Total$973,088
Tax Record2022$11,420 ($952 / month)
Home Facts
Total Finished SqFt2,068 SqFtAbove Grade Finished SqFt2,068 SqFtStories2Lot Size87,120 SqFtStyleQuadraplexYear Built2006CountyHAYSAPNR19608

Schools near 400 Eagles Nest Drive

This home is within Wimberley Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Blue Hole Primary School
PublicPK to 2

Jacob's Well Elementary School
Public3 to 5

Danforth J High School
Public6 to 8

Wimberley High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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400 Eagles Nest Drive is a multi-family home for sale in Wimberley, TX 78676. This property was listed for sale on March 19, 2024 by JBG Commercial, it's currently listed at $789,000. It has been on the market for a total of 45 days and was last sold on April 14, 2022. This listing's school district is Wimberley Independent School District. Nearby schools include Blue Hole Primary School, Jacob's Well Elementary School and Danforth J High School. 400 Eagles Nest Drive is a 3-bed, 3-bath, 4,651 sqft multi-family home built in 1979.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of JBG Commercial, Michael Ashby, TREC #0668161

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2024] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.