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514 W Austin St - Durst Haus

2,279 SF Specialty Building Offered at $1,400,000 at a 4.82% Cap Rate in Fredericksburg, TX 78624

Investment Highlights

  • One block from Historic Main Street in Fredericksburg!
  • Great rental history!
  • 3 individually permitted STR/B&B units

Executive Summary

Prime investment opportunity! The Historic Durst Haus consists of 3 individually permitted STR/B&B units including the charming 2BR/2BA updated (circa 1904) Main Haus w/ a large living room & fully appointed kitchen plus front porch & back screened porch, the quaint comfortable Cain at Durst Haus log cabin w/ kitchenette and the separate Studio at Durst Haus suite w/ kitchenette. Each unit has it's own private outdoor space to enjoy a beverage or sunset & off-street parking. Located in the Historic District & just a few blocks from downtown Fredericksburg, this property is move-in ready as all beautiful furnishings convey along with the future bookings.

Financial Summary (Actual - 2022) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2022) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $1,400,000
Price Per SF $614
Sale Type Investment
Cap Rate 4.82%
Property Type Specialty
Property Subtype Residential Income
Building Class C
Lot Size 0.23 AC
Building Size 2,279 SF
No. Stories 1
Year Built/Renovated 1904/2020
Parking Ratio 2.63/1,000 SF

Amenities

  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18769
Land Assessment
$258,290 (2024)
Improvements Assessment
$1,087,500 (2024)
Total Assessment
$1,345,790 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2022

zoning

Zoning Code R-2 (R-2 Zoning - Mixed Residential)
R-2 (R-2 Zoning - Mixed Residential)
  • Listing ID: 30307335

  • Date on Market: 12/7/2023

  • Last Updated:

  • Address: 514 W Austin St, Fredericksburg, TX 78624

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