400 Eagles Nest

Description

Priced to sell: a 2006-built Hill Country triplex on 2 acres outside the Wimberley city limits and ETJ, with no known deed restrictions and the former four-plex pad in place for future expansion. Three 1 bed/1 bath units of about 900-950 sf each. Every unit has a private entrance, full kitchen, stackable washer/dryer and a private deck with views across the Wimberley valley. The metal roof was replaced through an insurance claim, all decks are new (2023), and electric is separately metered. Units rented at $1,350/month through 2024 with water, wastewater and trash included, and all three are now vacant and ready to lease or furnish. At the list price that is about $167K per door and roughly a 10.3 GRM on in-place rent, well below the cost to build, and the land where the prior four-plex stood comes along with it. The site previously supported seven units on the existing well; any added units are subject to the buyer's verification of groundwater district well permitting and county septic permitting. FEMA Zone X, no HOA, no city property tax, Wimberley ISD. Works as a long-term rental, a furnished short-term rental compound, or an owner-occupied home with income. A detailed broker brief and site analysis are available. Buyer and buyer's agent to verify all information.

Priced to sell: a 2006-built Hill Country triplex on 2 acres outside the Wimberley city limits and ETJ, with no known deed restrictions and the former four-plex pad in place for future expansion. Three 1 bed/1 bath units of about 900-950 sf each. Every unit has a private entrance, full kitchen, stackable washer/dryer and a private deck with views across the Wimberley valley. The metal roof was replaced through an insurance claim, all decks are new (2023), and electric is separately metered. Units rented at $1,350/month through 2024 with water, wastewater and trash included, and all three are now vacant and ready to lease or furnish. At the list price that is about $167K per door and roughly a 10.3 GRM on in-place rent, well below the cost to build, and the land where the prior four-plex stood comes along with it. The site previously supported seven units on the existing well; any added units are subject to the buyer's verification of groundwater district well permitting and county septic permitting. FEMA Zone X, no HOA, no city property tax, Wimberley ISD. Works as a long-term rental, a furnished short-term rental compound, or an owner-occupied home with income. A detailed broker brief and site analysis are available. Buyer and buyer's agent to verify all information.

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Property Details

Property Information

Directions: North on RR 12 approx. 3 miles from the Wimberley square. About 200 yards past Skyline Dr, turn onto Eagles Nest Dr and go up the hill to the triplex on the right corner; turn in front of the triplex. The short drive in front of the property leads to the former four-plex pad, which is part of the property.