114 Fleury WayFredericksburg, TX 78624

Description

Situated on approximately 11.10 acres just north of Fredericksburg, this established income-producing property offers a rare opportunity to acquire a multi-residence investment in the Texas Hill Country. Located approximately 7 miles, or an 11-minute drive, from downtown, the property combines a convenient location with a private, rural setting. The property is currently fully occupied, providing an established rental operation with the potential for continued long-term income. The property includes 11 residential units, with improvements constructed primarily in 1995, 1996, and 2011. The residences are arranged along Fleury Way and Collard Drive, creating a small residential community with a mix of homes and additional living accommodations. Mature trees, open areas, and outdoor improvements contribute to the property's Hill Country setting. A grandfathered water well, reportedly producing approximately 75-100 gallons per minute, serves as an important utility feature for the property. With its existing tenant base, multiple residences, and close proximity to Fredericksburg, this property presents an attractive opportunity for investors seeking a diversified residential rental asset. The combination of acreage, established improvements, and income-producing use offers flexibility for continued operation and future investment planning, subject to applicable regulations and property restrictions.

Property Information

Property type

Commercial Sale

Year built

1999

Living area

1,760 Sq Ft

Lot size

11.10 acres

Parking spaces

22

Zoning

NA

Days on market

32

MLS^® Listing#

2019378

Property Features

Cooling

Central Air · Window Unit(s) · Other

Heating

Central · Other

Lot features

Level · Wooded

Construction

Wood Siding

Foundation

Slab

Roof

Metal

Other structures

Shed(s) · Storage

Sewer

Septic Tank

Schools

District

Fredericksburg

Financial Details

Annual taxes

$21,169

Parcel number

74571

Directions

From Fredericksburg, take N State Hwy 16 approximately 7 miles, turn left onto Marschall Creek Rd, then left onto Fleury Way. Property is on the right.