$3,100,000
For Sale

215 Mistletoe Street

Fredericksburg, TX 78624
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Description

215 Mistletoe’s complex of 4 brand new cottage-style homes offers both excellent revenue potential and the flexibility to use the facilities as short-term rentals, long-term rentals, or some combination of each. Located just 2 blocks from Fredericksburg’s Main Street and 1 block from Marketplatz, the property is within easy walking distance of the city’s numerous restaurants, shops, museums and other attractions. The largest home can be used as 2 separate units (for a total of 5 STRs) or as a single unit with an adjoining door. In total,the 5 STRs can be reserved individually or collectively to accommodate up to 26 people comfortably--perfect for family reunions, weddings or corporate events. The cottage houses were designed by W. Case Phillips Planning & Design to reflect the historic charm of the surrounding neighborhood. But step inside and the open-concept interiors showcase modern, clean style and high-end amenities. Each unit has a full kitchen, with quartz countertops, stainless steel appliances and open shelving that highlights the beautiful tile work. Luxury vinyl plank and tile flooring create a sophisticated look, but with durability and ease of care. Every unit also has its own inviting front porch and private spa. The site backs onto Town Creek and is surrounded by mature shade trees for added privacy and scenery. Other properties of this caliber and location are operating at 90 to 95% occupancy for an excellent investment return. Fredericksburg is one of the top tourist destinations in Texas, attracting over 200,000 visitors per year. Nearby attractions include the National Museum of the Pacific War--a Smithsonian affiliate, the Pioneer Museum, Enchanted Rock, the LBJ Ranch and many other popular spots.
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  • Property Details
    • Property
      • View:Neighborhood, Creek Stream, Trees Woods
      • Lot description:Level
    • Measurements
      • Acres:0.304
  • Construction Details
    • Type & Style
      • Property type:Purchase
    • Condition
      • Year built:1940
    • Material information
      • Foundation:Pillar Post Pier, Slab
  • Utilities / Energy Details
    • Utility
      • Sewer information:Public Sewer
      • Utility source:Public
      • Utility features:Electricity Connected
  • Community and Neighborhood Details
    • Location
      • County:Gillespie
    • Community
      • Subdivision:Koennecke
  • Financial Details
    • Pricing Details
      • Original List Price:$3, 100, 000
      • Selling Office Commission:2.500
  • Other
    • Source
      • MLS #:4843076

Location

Austin TX SearchReal Estate Group
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