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362 E Faust St - Duplex Downtown New Braunfels

2,160 SF Flex Condo Unit Offered at $625,000 in New Braunfels, TX 78130

Investment Highlights

  • Prime Location: Located in the heart of New Braunfels, near the historic Faust Street Bridge, Guadalupe River, and downtown charm.
  • Short-Term Rental Potential: Zoning allows for flexibility, enhancing investment opportunities.
  • Turnkey Investment: Fully leased units providing immediate, reliable rental income.
  • Expand Your Portfolio: Identical duplex at 388 E. Faust St. (just two doors down) also for sale, creating a unique chance to secure multiple units.

Property Facts

Price $625,000
Unit Size 2,160 SF
No. Units 1
Total Building Size 2,160 SF
Property Type Multifamily (Condo)
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
  • Multifamily Dormitory
Sale Type Investment
Floors 1
Typical Floor Size 2,160 SF
Year Built 2011
Parking Ratio 3.7/1,000 SF

1 Unit Available

Unit 362B/364A

Unit Size 2,160 SF
Price $625,000
Price Per SF $289.35
Condo Use Flex
Sale Type Investment
No. Parking Spaces 8
APN/Parcel ID 10-0000-6180-0
Description

DUPLEX – Fully Leased Investment Opportunity:
Unit #364A:
Size: 1,080 SF
Layout: 3 Bedrooms, 2 Bathrooms, 1-Car Attached Garage
Rent: $1,800/month
Unit #362B:
Size: 1,080 SF
Layout: 3 Bedrooms, 2 Bathrooms, 1-Car Attached Garage
Rent: $1,850/month
Total Rental Income: $3,600/month
Year Built: 2011

Sale Notes

Welcome to 362 E. Faust St. in the heart of vibrant New Braunfels! This well-maintained duplex, built in 2011, offers an incredible opportunity for comfortable living or investment. With a total of 2,160 square feet, each side features 1,080 square feet of well-designed living space, including 3 bedrooms, 2 baths, and an attached single-car garage. Both units are fully leased, providing immediate and reliable rental income for investors. Each unit boasts spacious interiors with open floor plans, a covered patio, and a shaded backyard, perfect for outdoor relaxation or entertaining. The layout is ideal for families, professionals, or tenants seeking the perfect balance of functionality and comfort. This property also allows for short-term rentals, making it an exceptional investment opportunity in a highly desirable area. Just moments from the historic Faust Street Bridge and the Guadalupe River, the property offers easy access to recreational activities and the charm of downtown New Braunfels. Also for sale just two doors down is another duplex (388 E. Faust St.) identical to this one, presenting a rare opportunity to expand your investment portfolio with ease. Whether you're looking to invest in a single property or secure two well-performing assets, these duplexes check all the boxes. Don't miss your chance to own turnkey investments in one of New Braunfels' most sought-after locations.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 1 $1,800 1,080
3+2 1 $1,800 1,080

zoning

Zoning Code C3 (Commercial C-3)
C3 (Commercial C-3)
  • Listing ID: 33908721

  • Date on Market: 11/18/2024

  • Last Updated:

  • Address: 362 E Faust St, New Braunfels, TX 78130

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