House Description

Turnkey investment opportunity in the established Palace Heights neighborhood of New Braunfels. This 3-bedroom, 2-bath home with approximately 1,740 square feet is currently tenant-occupied with a lease in place through September 30, 2026 providing immediate rental income for a new owner. The lease may be extended if mutually agreed upon by the tenant and new owner. The home features a functional single-story layout with spacious living areas and a practical floor plan ideal for long-term rental stability. Located in a mature neighborhood with strong rental demand, the property offers convenient access to I-35, downtown New Braunfels, shopping, dining, and major employment corridors. One of the standout location benefits is its close proximity to Memorial Elementary School and Walnut Springs Elementary School, both just minutes away. Fischer Park is less than five minutes away and offers trails, playgrounds, splash pads, fishing ponds, and open green space, making it a desirable amenity for both tenants and future owner-occupants. Current rent is above the area average, making this an attractive option for investors seeking immediate cash flow while avoiding vacancy costs and tenant placement expenses. This property may also appeal to buyers planning for future owner-occupancy by allowing rental income through the current lease term before moving in. The seller has taken a proactive and transparent approach to the property. Documentation is available upon request, including the current lease agreement, an updated Seller's Disclosure Notice, foundation repair documentation, an engineer's completion report, plumbing repair invoices, appliance replacement receipts, and maintenance records documenting repairs completed during the current tenancy. The seller has had professionally completed foundation repairs in 2023 with an accompanying engineer's certification, plumbing repairs during the foundation work, and recent appliance replacements. This property is being offered AS-IS, and buyers are encouraged to conduct any inspections and due diligence they deem appropriate. The available documentation allows buyers to better understand the property's history and make an informed purchasing decision.

Highlights

Listed by Yitzchak Pierson , (512) 749-6532 eXp Realty , (512) 749-6532. LERA MLS - Local Expertise Regional Access mls logo

Property Type

Residential

Lot/Acreage

0.24

Year Built

1986

County

Comal

Area

2707

Neighborhood

Palace Heights

School District

New Braunfels

Listing ID

1940910

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Interior Features

Bedrooms and Bathrooms

▪ Bedrooms:3
▪ Bathrooms:2
▪ Full Bathrooms:2

Appliances:Ceiling Fans, Washer Connection, Dryer Connection, Microwave Oven, Stove/Range, Disposal, Dishwasher, Vent Fan, Smoke Alarm, Electric Water Heater, Garage Door Opener

Air Cond:One Central

Fireplaces:

Floor:Ceramic Tile,Laminate

Other:One Living Area,Liv/Din Combo,Breakfast Bar,1st Floor Lvl/No Steps,High Ceilings,Open Floor Plan,High Speed Internet,Laundry Room,Walk in Closets,Attic - Pull Down Stairs,Wood Burning Fireplace

Other:NBU

Payment Calculator

Payment Breakdown

Principal Interest

$1,527

Taxes

$510

Home Price

$304,000

Home Price

Loan Details

30 yrs

6.434%

Interest Rate

Loan Type

Down Payment

20%

$60,800

Down Payment

Down Payment %

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Monthly Price:

$1,526.65

Principal

Taxes