Current Use by Public Records
- Specialty properties
Property Details for 3590 Co Rd
- Year built
- 2020
- Property type
- Specialty properties
- Property subtype
- Mixed-use properties
Description
This exceptional 14-acre property in LaCoste, Texas, presents a compelling investment opportunity. The land encompasses 48 residential lots, all fully serviced with water, sewer, and electricity. Ten existing single-family rental homes are currently built, leased, and generating income. This value-add investment offers immediate cash flow from the existing ten units, while providing 38 shovel-ready lots for future development. The potential for building and selling homes, or continuing the successful rental model, is significant. Located in a rapidly growing area just outside San Antonio, this property benefits from convenient access to major roadways. It's approximately 10 miles from Highway 1604 in San Antonio and 6 miles from Castroville. The property consists of 48 single-story buildings, all constructed in 2020. The asking price is $4,500,000. This mixed-use, multifamily property is categorized as a single-family rental portfolio and presents an unparalleled chance to capitalize on the thriving Texas real estate market. The property's location offers a blend of suburban tranquility and easy access to the amenities and employment opportunities of San Antonio. The existing infrastructure and ready-to-build lots minimize development hurdles, allowing for a swift return on investment. This is a rare opportunity to acquire a substantial land holding with immediate income and significant future potential. The property is zoned for residential use. Broker co-op is available.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- LaCoste
- County
- Medina
- State
- Texas
- Longitude
- -98.8197
- Latitude
- 29.3177
