UPDATED:
Key Details
Property Type Single Family Home
Sub Type See Remarks
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $194
Subdivision Canyon Lake Village 3
MLS Listing ID 8317525
Bedrooms 4
HOA Fees $200/ann
HOA Y/N Yes
Year Built 1999
Tax Year 2026
Lot Size 0.868 Acres
Acres 0.8682
Property Sub-Type See Remarks
Source actris
Property Description
Owner-agent is considering the sale of one fourplex within an existing three-building multifamily property and will also consider selling all three buildings. Seller financing may be available to a qualified buyer with good credit, a substantial down payment, and market-rate terms.
This is an excellent opportunity for a first-time multifamily investor seeking a manageable entry into real estate investing. The property is located near Canyon Lake, surrounded by Hill Country parks, hiking and biking trails, boating, fishing, swimming areas, the Guadalupe River, and the scenic Canyon Dam. Restaurants, shopping, live entertainment, Gruene, and New Braunfels are also within convenient driving distance.
Residents may enjoy an optional membership in the nearby community clubhouse and swimming pool, both offering attractive lake views, through an easy and affordable HOA arrangement.
Canyon Lake is full again, strengthening the area's recreational appeal and desirability for residents. The property offers multiple rental units under one roof, helping diversify income and reduce the impact of a single vacancy.
For anyone who has considered owning a small multifamily investment, this is a practical way to get started. The seller is willing to help the buyer understand the operation and transition the systems used for leasing, rent collection, bookkeeping, maintenance coordination, and tenant management. This guidance and support can make the process much easier for a novice investor while providing a foundation for long-term success.
Location
State TX
County Comal
Area Cm
Rooms
Main Level Bedrooms 2
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Vinyl
Fireplace N
Appliance Built-In Oven(s), Dishwasher, Disposal, Microwave, Free-Standing Refrigerator
Exterior
Fence Partial
Community Features Cluster Mailbox, Common Grounds, Fishing, Park, Pool, Trail(s)
Utilities Available Underground Utilities
Waterfront Description None
View See Remarks
Accessibility None
Porch Covered
Total Parking Spaces 8
Private Pool No
Building
Lot Description None
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Frame,HardiPlank Type
New Construction No
Schools
Elementary Schools Startzville
Middle Schools Mountain Valley Middle
High Schools Canyon Lake
School District Comal Isd
Others
HOA Fee Include See Remarks
Restrictions Deed Restrictions
Ownership Fee-Simple
Acceptable Financing Cash, Contract, Conventional, FHA, FMHA, Owner May Carry, SBA, Texas Vet, USDA Loan, VA Loan
Tax Rate 1.4998
Listing Terms Cash, Contract, Conventional, FHA, FMHA, Owner May Carry, SBA, Texas Vet, USDA Loan, VA Loan
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/aus/8317525
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