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1000 Diamond Dr 4 Unit Apartment Building $700,000 ($175,000/Unit) 6.18% Cap Rate Boerne, TX 78006
Investment Highlights
- Fully leased 4-plex townhome style property with 100% occupancy
- On-site management handles all tenant relations and maintenance
- Green space with BBQ areas for residents
- Gated community with pool and spa amenities
- Clubhouse and fitness center on property
- Exemplary Boerne school district
Executive Summary
Incredible investment opportunity to own a Fully leased 4-plex townhome style property in Stone Creek Village in Boerne, TX. This gated community has a pool/spa, green space with BBQ areas, clubhouse and a fitness center/gym. On-site management efficiently handles all tenant relations and maintenance providing hassle-free ownership. Exemplary Boerne schools and easy access to IH-10, San Antonio and nearby shopping at the Rim and La Cantera. The mix for the units is 2- 3-bedroom/2 bath and 2- 2 bedroom/2 baths and include refrigerators and stack washer/dryers. One of the 2/2 units has been completely updated, and another one has been mostly updated. Newer roof in 2021, new exterior paint 2025, newer HVAC in 2 of the units.
Property Facts
| Price | $700,000 | Apartment Style | Low-Rise |
| Price Per Unit | $175,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 6.18% | Building Size | 4,710 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2007 |
| Property Subtype | Apartment | Parking Ratio | 1.7/1,000 SF |
| Price | $700,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 6.18% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,710 SF |
| No. Stories | 2 |
| Year Built | 2007 |
| Parking Ratio | 1.7/1,000 SF |
Amenities
Site Amenities
- Controlled Access
- Clubhouse
- Fenced Lot
- Fitness Center
- Laundry Facilities
- Pool
- Property Manager on Site
- Spa
- Gated
- Grill
- Maintenance on site
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
1000 Diamond Dr