About 12064 Park Road 37
Major price reduction! Take advantage of this multi-unit property with opportunities for upside and value-add! Located in the high-growth corridor northwest of San Antonio on Park Road 37, this unrestricted property offers a 33% pro-forma cap rate solely from projected rental income. Day one provides you with flexible options to immediately lease a minimum of six spaces (two buildings, two full hookup RV spaces, two camping/storage spaces), with space to add several more units across its seven lots. The property's buildings offer mixed-use potential ideal for retail, office, short-term rental, studio, storage, and/or QSR. The interior of one of the buildings includes a 1950s Spartan Mansion that is seamlessly integrated, creating a distinctive setting. Significant updates to the buildings and grounds have been implemented, including utilities, aesthetics, and site updates making this a turnkey opportunity for long-term leases or short-term rentals. Water, sewer, and electricity are throughout the property. With easy access to the new H-E-B grocer at Hwy 211/Culebra Rd, Alamo Ranch, Helotes, Bandera, and Medina Lake, plus ample parking and natural shade from mature oaks and cedars, this versatile property is full of potential. Seller Finance Option Terms (firm): $60K down payment, 2-Year Seller Carry, 12% Interest. Schedule your tour today!
Features of 12064 Park Road 37
| MLS® # | 1875203 |
|---|---|
| Price | $130,000 |
| Number Of Units | 6 |
| Square Footage | 15,500 |
| Acres | 0.35 |
| Year Built | 1955 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | One Story |
| Status | Price Change |
Community Information
| Address | 12064 Park Road 37 |
|---|---|
| Subdivision | AVALON |
| City | Lakehills |
| County | Bandera |
| State | TX |
| Zip Code | 78063 |
Multi-Unit Information
| Gross Annual Income | $50,400 |
|---|---|
| Net Operating Income | $45,843 |
| Annual Operating Expense | $4,557 |
| Operating Expense Includes | Taxes, Insurance, Maintenance, All Utilities, Equipment |
Unit 1 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 10 |
| Parking Type | Carport, Pad |
| Handicap Access | NO |
| Rent | $1,500 |
| Occupied | NO |
| Includes | Security System, Window Coverings, Other |
Unit 2 Information
| Parking Spaces | 2 |
|---|---|
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $500 |
| Occupied | NO |
| Includes | Other |
Unit 3 Information
| Parking Spaces | 2 |
|---|---|
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $500 |
| Occupied | NO |
| Includes | Other |
Unit 4 Information
| Parking Spaces | 2 |
|---|---|
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $500 |
| Occupied | NO |
| Includes | Other |
Unit 5 Information
| Parking Spaces | 2 |
|---|---|
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $500 |
| Occupied | NO |
| Includes | Other |
Unit 6 Information
| Parking Type | Pad, Attached, Carport |
|---|---|
| Includes | Other |
Amenities
| View | Lake Medina |
|---|---|
| Has Pool | No |
Interior
| Heating | 3+ Units |
|---|---|
| Cooling | 3+ Window/Wall, Other |
| Has Basement | No |
Exterior
| Exterior | Brick, Wood, Metal Structure |
|---|---|
| Exterior Features | Patio Slab, Covered Patio, Mature Trees, Mature Trees (ext feat), Lake Medina, Partially Wooded, Solar Screens, Workshop |
| Roof | Metal |
| Foundation | Slab, Other |
School Information
| District | Bandera Isd |
|---|---|
| Elementary | Hill Country |
| Middle | Bandera |
| High | Bandera |
Additional Information
| Date Listed | June 12th, 2025 |
|---|---|
| Days on Market | 450 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 35.26 |
| Gross Rent Multiplier | 2.58 |
| Estimated Taxes | $1,057 |
Listing Details
| Agent | Thomas Martinez |
|---|---|
| Office | Leverage Realty Consulting Group |
| Contact Info | (210) 878-6683 |