$575,000
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2,339 SqFt
SOLD DATE : 12/10/2020
Key Details
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 2,339 sqft
Price per Sqft $239
Subdivision Walch Terrace
MLS Listing ID 5707124
Sold Date 12/10/20
Originating Board actris
Year Built 1932
Tax Year 2018
Lot Size 0.280 Acres
Property Description
Very successful B&B, with garage apartment, backyard oasis, mature trees, pool and less than half a mile from the heart of Main Street. $80K gross revenue and 12.8% cap rate it's first year as a B&B. Standard rates are $475 per night, $625 Weekends, $725 Holidays. Convert the old carriage house and see even more revenue. This Hill Country escape is exceptional. Expect year round bookings It's a great investment property for anyone wanting a turnkey operation and no fuss bookings. Outstanding reviews!FEMA - Unknown Restrictions: Yes
Location
State TX
County Gillespie
Interior
Heating Central
Cooling Central Air
Flooring Tile, Wood
Furnishings Unfurnished
Fireplace N
Exterior
Exterior Feature None
Pool None
Community Features None
Utilities Available Electricity Available
Waterfront Description None
View Y/N No
View City, None
Roof Type Metal
Accessibility None
Porch None
Total Parking Spaces 4
Private Pool No
Building
Lot Description Level
Story 1
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
Others
Pets Allowed No
Restrictions City Restrictions,Deed Restrictions
Acceptable Financing Cash, Conventional, Texas Vet, VA Loan
Tax Rate 1.7868
Listing Terms Cash, Conventional, Texas Vet, VA Loan
Special Listing Condition Standard
Pets Description No
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