Turnkey investment opportunity in the established Palace Heights neighborhood of New Braunfels. This well-maintained 3-bedroom, 2-bath home with approximately 1,740 square feet is currently tenant-occupied with a lease in place through September, providing immediate rental income for a new owner. The lease may be extended if mutually agreed upon by… Read More the tenant and 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. Additionally, Fischer Park is less than five minutes from the home, offering trails, playgrounds, splash pads, fishing ponds, and open green space — a major draw for both tenants and future owner-occupants. Current rent is above the area average, making this an attractive option for investors seeking cash flow from day one. Buyers avoid vacancy costs and tenant placement expenses with an active lease already in place. This property may also appeal to buyers planning for future owner-occupancy, allowing rental income collection until lease expiration while securing ownership now. Showings by appointment only. Please do not disturb the tenant. Advance notice required. Buyer to verify all lease terms, square footage, and investment details. Read Less
Property listed by eXp Realty, LLC 888-519-7431 (512) 749-6532
Listing Snapshot
Days Online
50
Last Updated
Property Type
SingleFamilyResidence
Beds
3
Full Baths
2
Square Ft.
1,663
Lot Size
0.24 Acres
Year Built
1986
MLS Number
4794843
Additional Details
Building
Built in 1986, Stories: 1, 1,663 sqft living area, Brick, Masonry, One
Disclosures
Seller Disclosure
Exterior Features
Private Yard, Rain Gutters
Fence
Back Yard, Privacy, Wood
Fireplaces
1 fireplace, Living Room, Masonry, Wood Burning
Floors
Laminate, Tile
Foundation
Slab
Garage
2 garage spaces
Heating
Central, Electric, Fireplaces
Interior Features
Breakfast Bar, Ceiling Fans, Double Vanity, Entrance Foyer, High Ceilings, High Speed Internet, Open Floorplan, Pantry, Walk In Closets
Laundry
Laundry Room, Electric Dryer Hookup
Lot
0.2388 acres, Area: 0.2388, Back Yard, Front Yard
Parking
2 covered spaces, Attached, Garage
Property
Resale, Neighborhood
Roof
Composition, Shingle
Sewer
Public Sewer
Taxes
Annual Amount: $6,124, Year: 2025
Utilities
Electricity Connected, Sewer Connected, Water Connected
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Listings courtesy of the Austin Board of REALTORS® as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
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