About 7 Us Highway 87
**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.
Features of 7 Us Highway 87
| MLS® # | 1999997 |
|---|---|
| Price | $500,000 |
| Number Of Units | 8 |
| Square Footage | 4,664 |
| Acres | 2.12 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | One Story |
| Status | Active |
Community Information
| Address | 7 Us Highway 87 |
|---|---|
| Subdivision | OUT/COMFORT |
| City | Comfort |
| County | Kendall |
| State | TX |
| Zip Code | 78013 |
Multi-Unit Information
| Gross Annual Income | $93,900 |
|---|---|
| Net Operating Income | $60,751 |
| Annual Operating Expense | $33,149 |
| Operating Expense Includes | Taxes, Insurance, Maintenance, All Utilities |
Unit 1 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $725 |
| Occupied | YES |
| Includes | Oven/Stove, Refrigerator |
Unit 2 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $950 |
| Occupied | YES |
| Includes | Oven/Stove, Refrigerator |
Unit 3 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $950 |
| Occupied | YES |
| Includes | Oven/Stove, Refrigerator |
Unit 4 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $800 |
| Occupied | YES |
| Includes | Oven/Stove, Refrigerator |
Unit 5 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $950 |
| Occupied | YES |
| Includes | Oven/Stove, Refrigerator |
Unit 6 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $1,100 |
| Occupied | NO |
| Includes | Oven/Stove, Refrigerator |
Unit 7 Information
| Parking Type | Pad |
|---|---|
| Includes | Oven/Stove, Refrigerator |
Unit 8 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $1,000 |
| Occupied | YES |
| Includes | Oven/Stove, Refrigerator |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | Central |
|---|---|
| Cooling | Multi-Unit Central |
| Has Basement | Yes |
Exterior
| Exterior | Other, Wood |
|---|---|
| Exterior Features | Not Applicable/None |
| Roof | Metal |
| Foundation | Slab, Basement |
School Information
| District | Comfort |
|---|---|
| Elementary | Comfort |
| Middle | Comfort |
| High | Comfort |
Additional Information
| Date Listed | July 13th, 2026 |
|---|---|
| Days on Market | 26 |
| Zoning | NONE |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 12.15 |
| Gross Rent Multiplier | 5.32 |
| Estimated Taxes | $8,519 |
Listing Details
| Agent | Ernesto Villarreal |
|---|---|
| Office | Phyllis Browning Company |
| Contact Info | (210) 912-6290 |