12064 Park Road 37Lakehills, TX 78063

Description

Major price reduction! Versatile property offering the potential to live on site while generating rental income! Seller Finance Option Terms (firm): $60K down payment, 2-Year Seller Carry, 12% Interest. Welcome home to a one-of-a-kind versatile studio featuring a 1950s Spartan Mansion integrated into the primary building, creating a distinctive experience and functional two bedroom home or live-work space. Spanning seven contiguous lots with mature oaks and cedars, the property offers a turnkey opportunity for hobbyists and investors alike. With an outbuilding, covered patio, additional land for recreation, storage, and parking, there is ample space for numerous possibilities. In addition, the property is already equipped to generate rental income (33% pro-forma cap rate), as the property includes two full RV and tiny home hookups. All utilities are on-site, providing a seamless setup for an owner-user to live in the multi-purpose studio while generating income to offset your loan payment. Located just minutes from the new H-E-B at Hwy 211/Culebra Rd, Alamo Ranch, and Medina Lake, this expansive property balances hill country charm with access to many city amenities. Schedule your tour today!

Property Information

Property type

Residential

Sub-type

Single Family Residence

Style

One Story / Split Level / Other

Year built

1955

Stories

1

Living area

511 Sq Ft

Lot size

0.35 acres

Days on market

265

MLS^® Listing#

1935442

Property Features

Interior

High Speed Internet

Exterior

Dog Run

Cooling

Window Unit(s) · Wall/Window Unit(s)

Heating

Electric

Flooring

Carpet · Concrete

Parking

Circular Driveway

Patio

Covered · Patio

Fencing

Chain Link

Lot features

Corner Lot · Level · Sloped

Construction

Wood Siding · Metal Siding

Foundation

Slab

Roof

Metal

Windows

Window Coverings

Security

Security System

Other structures

Storage · Other · Outbuilding · RV/Boat Storage · Workshop

Sewer

Septic Tank

Water source

Private · Well

Rooms

Schools

Elementary

Hill Country

Middle

Bandera

High

Bandera

District

Bandera Isd

Financial Details

HOA

None

Annual taxes

$1,057Tax year 2025

Parcel number

10300080640110

Directions

From Alamo Ranch: Culebra/471, Right on FM1283, Left on Park Road (PR) 37, Property on the right, From Helotes: Bandera Rd/HWY 16, Left on PR37, Property on the right, From Pipe Creek: HWY 16, Right on FM1283, Right on PR37, Property on right