7 Us Highway 87, Comfort, TX 78013
- $500,000
- 4,664
- SqFt
- List Price
- $500,000
- Status
- ACTIVE OPTION
- Days on Market
- 60
- MLS#
- 1999997
- Living Area
- 4,664
- Lot Size
- 92,390
- Acres
- 2.12
- Subdivision
- Out/Comfort
Property Description
**Investor Opportunity!** Fully occupied 8-unit multifamily property plus one income-producing RV space in Comfort, Texas. This turnkey investment provides immediate cash flow with approximately $93,900 in annual gross rental income. Long-term tenants, fully occupied, and month-to-month leases offer an established income stream along with flexibility for future management. Several units are currently leased below market according to the seller, creating a value-add opportunity through future rent adjustments as market conditions and applicable laws allow. Individual utility meters are already installed, providing the potential to transition from owner-paid utilities to tenant-paid utilities, subject to lease terms and applicable regulations. Situated on approximately 2.12 acres with 4,664 square feet of improvements, the property also offers potential for future development or expansion, subject to buyer verification of zoning and other applicable requirements. According to the seller, the property has not experienced flooding during their ownership. The property is located within a FEMA-designated floodway, and buyers should independently verify floodplain requirements, insurance availability, financing, and all property information during their due diligence.
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Additional Information
- Exterior Features
- Not Applicable/None
- Zoning
- NONE
- Heating
- Central
- Air Conditioning
- Multi-Unit Central
- Exterior Features
- Wood, Other
- Roof
- Metal
- Foundation
- Slab, Basement
- School District
- Comfort
- Elementary School
- Comfort
- Middle School
- Comfort
- High School
- Comfort
Mortgage Calculator
Listing courtesy of Listing Agent: Ernesto Villarreal (evillarreal@phyllisbrowning.com) from Listing Office: Phyllis Browning Company.
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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