Fredericksburg, TX 78624,502 Silver Maple ST

$575,000

Est.Price: ?

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Est. payment /mo

2,339 SqFt


SOLD DATE : 12/10/2020

Key Details

Property Type Commercial

Sub Type Business

Listing Status Sold

Purchase Type For Sale

Square Footage 2,339 sqft

Price per Sqft $239

Subdivision Walch Terrace

MLS Listing ID 5707124

Sold Date 12/10/20

Originating Board actris

Year Built 1932

Tax Year 2018

Lot Size 0.280 Acres

Property Description

Very successful B&B, with garage apartment, backyard oasis, mature trees, pool and less than half a mile from the heart of Main Street. $80K gross revenue and 12.8% cap rate it's first year as a B&B. Standard rates are $475 per night, $625 Weekends, $725 Holidays. Convert the old carriage house and see even more revenue. This Hill Country escape is exceptional. Expect year round bookings It's a great investment property for anyone wanting a turnkey operation and no fuss bookings. Outstanding reviews!FEMA - Unknown Restrictions: Yes

Location

State TX

County Gillespie

Interior

Heating Central

Cooling Central Air

Flooring Tile, Wood

Furnishings Unfurnished

Fireplace N

Exterior

Exterior Feature None

Pool None

Community Features None

Utilities Available Electricity Available

Waterfront Description None

View Y/N No

View City, None

Roof Type Metal

Accessibility None

Porch None

Total Parking Spaces 4

Private Pool No

Building

Lot Description Level

Story 1

Foundation Pillar/Post/Pier

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

Others

Pets Allowed No

Restrictions City Restrictions,Deed Restrictions

Acceptable Financing Cash, Conventional, Texas Vet, VA Loan

Tax Rate 1.7868

Listing Terms Cash, Conventional, Texas Vet, VA Loan

Special Listing Condition Standard

Pets Description No

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Listed by Keller Williams Realty
Bought with Non Member
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