12064 Park Road 37, Lakehills, TX 78063
- $139,900
- 2
- BD
- 1
- BA
- 511
- SqFt
- List Price
- $139,900
- Price Change
- ▼ $10,000 1780786735
- MLS#
- 1935442
- Status
- ACTIVE
- County
- Bandera
- City
- Lakehills
- Subdivision
- Avalon
- Bedrooms
- 2
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 511
- Acres
- 0.35
Property Description
Priced to sell! Versatile property offering the potential to live on site while generating rental income! Seller Finance Option Terms (firm): $60K down payment, 2-Year Seller Carry, 12% Interest. Welcome home to a one-of-a-kind versatile studio featuring a 1950s Spartan Mansion integrated into the primary building, creating a distinctive experience and functional two bedroom home or live-work space. Spanning seven contiguous lots with mature oaks and cedars, the property offers a turnkey opportunity for hobbyists and investors alike. With an outbuilding, covered patio, additional land for recreation, storage, and parking, there is ample space for numerous possibilities. In addition, the property is already equipped to generate rental income (33% pro-forma cap rate), as the property includes two full RV and tiny home hookups. All utilities are on-site, providing a seamless setup for an owner-user to live in the multi-purpose studio while generating income to offset your loan payment. Located just minutes from the new H-E-B at Hwy 211/Culebra Rd, Alamo Ranch, and Medina Lake, this expansive property balances hill country charm with access to many city amenities. Schedule your tour today!
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Additional Information
- Days on Market
- 188
- Year Built
- 1955
- Style
- One Story, Split Level, Other
- Stories
- 1
- Builder Name
- Varies
- Lot Description
- Corner, County VIew, 1/4 - 1/2 Acre, Mature Trees (ext feat), Sloping, Level, Lake Medina
- Interior Features
- Security System (Owned), Pre-Wired for Security, Electric Water Heater, Private Garbage Service
- Master Bdr Desc
- Other
- Fireplace Description
- Not Applicable
- Cooling
- Two Window/Wall
- Heating
- 1 Unit
- Exterior Features
- Patio Slab, Covered Patio, Chain Link Fence, Solar Screens, Storage Building/Shed, Has Gutters, Mature Trees, Detached Quarters, Dog Run Kennel, Workshop, Other - See Remarks
- Exterior
- Wood, Siding, Metal Structure
- Roof
- Metal
- Floor
- Carpeting, Stained Concrete
- Pool Description
- None
- Parking
- None/Not Applicable
- School District
- Bandera Isd
- Elementary School
- Hill Country
- Middle School
- Bandera
- High School
- Bandera
Mortgage Calculator
Listing courtesy of Listing Agent: Thomas Martinez (Thomas@HireLeverageGroup.com) from Listing Office: Leverage Realty Consulting Group.
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability. 
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