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505 & 507 Riverside Drive New Braunfels, TX 78130 Directions

Sold

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1,896 Bldg Sqft.
0 Lot Sqft.
Multi-Family
16 Day(s) on HAR.com
Directions Drive Time

General Description

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Prime investment opportunity! This charming duplex featuring two 2 bed, 1.5 bath rentals in the desirable Summerwood subdivision offers a great location on a quiet cul-de-sac. Enjoy a spacious fenced yard with no rear neighbors and easy access to shopping, schools, and highways. Updates over the last few years include a new roof (2013), updated kitchen and vinyl plank flooring in unit 505, along with a new walk-in shower and tile as well as a new sprinkler system in 2022. Unit 507 has an updated AC unit, water heater, garage door opener and recent interior paint completed in 2023. Carpet was also replaced in 2019 in this unit. The kitchens are complete with refrigerator, stove, and dishwasher. Both units are leased: one unit is leased until Jul '24 and the other Jan '25! Summerwood Park amenities include a paved walking trail, tennis court, picnic areas, and a dock with relaxing views of the Guadalupe River. Don't miss out on this fantastic investment opportunity!

MLS#:
1750219 (SABORTX)
Sold Price Range:
$370,001 - $420,000
Listing Status:
Sold
Address:
505 & 507 Riverside Drive
City:
New Braunfels
State:
TX
Zip Code:
78130
County:
Comal County
Subdivision:
SUMMERWOOD
Legal Description:
SUMMERWOOD 6, BLOCK 5, LOT 21
Property Type:
Multi-Family
Style:
Traditional
Building Sqft.:
1,896 /Appraisal District
Lot Size:
0 Sqft. /Appraisal District
Maintenance Fee:
$ 110 / Annually


Interior Features

Floors:
Carpet, Vinyl
Heating:
Other Heating


Exterior Features

Roof:
Composition
Foundation:
Slab
Exterior Type:
Other, Stone, Wood
Exterior:
Covered Patio/Deck


Additional Information

List Type:
Exclusive Right to Sell/Lease
HOA Mandatory:
Yes
Buyer Agent Compensation*:
2.5%
Buyer Agent Bonus*:
0
Sub Agent Compensation*:
0
*Disclaimer: Listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.


Financial Information

Financing Considered:
Cash Sale, Conventional, FHA, VA
Other Fees:
Yes / 150 / 150.000
Maintenance Fee:
Mandatory / $110 / Annually
Maint Fee Includes:
Other


Source
San Antonio Board of Realtors®

Selling Agent and Brokerage

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Selling Agent

Francene Larrabee

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Selling Broker

D. Lee Edwards Realty, Inc.
Transactions/Profile

1111 N Walnut Ave
New Braunfels, TX 78130

Estimated Mortgage/Tax

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$1,583 Monthly
Estimated Monthly Principal & Interest (Based on the calculation below) $ 1,583
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Schools

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School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

ASSIGNED SCHOOLS
Goodwin Frazier Elementary School Elementary . EE - 05 . COMAL ISD
Excellent |
Church Hill Middle School Middle . 06 - 08 . COMAL ISD
Good |

View Nearby Schools ↓

505 & 507 Riverside Drive New Braunfels TX 78130 was recently sold. It is a 0.37 Acre(s) Lot, 1,896 SQFT, in SUMMERWOOD.

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Francene Larrabee Click to view phone
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D. Lee Edwards Realty, Inc.
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