1629 Summer Hill Ct Granbury, TX 76048
- Commercial real estate
- 9,295 SF
Current Use by Public Records
- Commercial real estate
Property Details for 1629 Summer Hill Ct
- Property size
- 9,295 SF
- Property type
- Commercial real estate
Description
This exceptional multifamily investment property in Granbury, Texas, presents a compelling opportunity for discerning investors. Comprising two buildings – a triplex and a fiveplex – this property boasts a total of eight units, all currently occupied at 100% occupancy. The combined square footage totals 9,295 square feet, spread across a single story. Each unit is designed for comfortable living, featuring spacious layouts and updated kitchens. Individual utility meters provide convenient billing for tenants. The property benefits from recent upgrades, including a new roof, ensuring long-term value and minimizing maintenance concerns. Ample parking is available for residents and guests. Situated just minutes from the vibrant downtown Granbury area, tenants enjoy easy access to a wide array of shops, restaurants, and entertainment options. The property's strong performance, reflected in its 6.48% cap rate, makes it an attractive addition to any investment portfolio. The asking price for this turnkey investment is $1,549,000. This property offers a blend of strong cash flow, desirable location, and recent improvements, making it an ideal investment in the thriving Granbury market. The address is 1629 Summerhill Ct, Granbury, TX 76048.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Granbury
- County
- Hood
- State
- Texas
- Longitude
- -97.7615765
- Latitude
- 32.4346203
