House Description

Both lots are being sold together for the listed price, offering a rare 1.18-acre multifamily development opportunity in the Texas Hill Country along FM 32 in Fischer, TX. Located at 7671 FM 32 (Lot 6) and 7665 FM 32 (Lot 7), these Rancho Del Lago lots are approved for multifamily development and allow for a duplex, triplex, or fourplex on each lot, creating the potential for up to 8 total rental units. Investors, builders, and developers will appreciate that much of the preliminary work has already been completed. Sellers have site plans, foundation engineering, and duplex plans available for review by qualified buyers with proof of funds. Modular construction is welcome. Conveniently located less than 4 minutes from Canyon Lake High School, the property offers strong appeal for future tenants seeking proximity to local schools, employment centers, and Canyon Lake amenities. City water is available with taps on site. Septic systems will be required; estimates are available upon request. Looking for a turnkey building solution? The sellers are also available to build to suit on a cost-plus basis with the purchase of the property, providing flexibility for investors seeking a streamlined path from acquisition to construction. Opportunities for multifamily development in this location are limited. Secure both lots and take advantage of the planning work already completed.

Highlights

Listed by Sylvia Muzzy , (512) 738-2053 All City Real Estate Ltd. Co , (866) 277-6005. Central Texas MLS

Property Type

Vacant Land

Lot/Acreage

1.18

County

Comal

Neighborhood

Rancho Del Lago 7

School District

Comal ISD

Listing ID

619822

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Payment Breakdown

Principal Interest

$748

Taxes

$95

Home Price

$149,000

Home Price

Loan Details

30 yrs

6.434%

Interest Rate

Loan Type

Down Payment

20%

$29,800

Down Payment

Down Payment %

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Monthly Price:

$748.26

Principal

Taxes