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640 E Mather St
New Braunfels, TX 78130
Villas At Waterwheel · Multifamily Property For Sale
·
9 Units
Investment Highlights
- Significant value-add opportunity to complete development with plans in place for 45 additional units
- Accessible frontage along Guadalupe River and minutes from downtown New Braunfels (5th fastest growing city in U.S.)
- Strong demographics (56% pop. growth ‘10-’20 & $97K avg. HHI)
- 9 units ready for occupancy
- 3 blocks from world-famous Schlitterbahn Waterpark & Resort
- Potential additional revenue generator - river take-out lease to local outfitter
Property Facts
| No. Units | 9 | Lot Size | 3.25 AC |
| Property Type | Multifamily | Building Size | 16,400 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2022 |
| Building Class | B | Parking Ratio | 7.13/1,000 SF |
| Zoning | C-4A - Resort District/ Commercial Center | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 3.25 AC |
| Building Size | 16,400 SF |
| No. Stories | 3 |
| Year Built | 2022 |
| Parking Ratio | 7.13/1,000 SF |
| Zoning | C-4A - Resort District/ Commercial Center |
Amenities
Unit Amenities
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Patio
Site Amenities
- Waterfront
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | - | - |
Property Taxes
| Parcel Number | 05-0000-0792-03 | Improvements Assessment | $0 |
| Land Assessment | $356,480 | Total Assessment | $356,480 |
Property Taxes
Parcel Number
05-0000-0792-03
Land Assessment
$356,480
Improvements Assessment
$0
Total Assessment
$356,480
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