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Paula Coates

Engel & Völkers

paula.coates@engelvoelkers.com +1(210) 331-6622

$ 304,000

Est. payment -/mo

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Price Dropped by $15K

1911 Palace New Braunfels, TX 78130

3 Beds

2 Baths

1,740 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Residential

Listing Status Active

Purchase Type For Sale

Square Footage 1,740 sqft

Price per Sqft $174

Subdivision Palace Heights

MLS Listing ID 1940910

Style One Story,Traditional

Bedrooms 3

Full Baths 2

Construction Status Pre-Owned

HOA Y/N No

Year Built 1986

Annual Tax Amount $6,123

Tax Year 2025

Lot Size 10,410 Sqft

Property Sub-Type Single Residential

Property Description

Turnkey investment opportunity in the established Palace Heights neighborhood of New Braunfels. This 3-bedroom, 2-bath home with approximately 1,740 square feet is currently tenant-occupied with a lease in place through September 30, 2026 providing immediate rental income for a new owner. The lease may be extended if mutually agreed upon by the tenant and new owner. The home features a functional single-story layout with spacious living areas and a practical floor plan ideal for long-term rental stability. Located in a mature neighborhood with strong rental demand, the property offers convenient access to I-35, downtown New Braunfels, shopping, dining, and major employment corridors. One of the standout location benefits is its close proximity to Memorial Elementary School and Walnut Springs Elementary School, both just minutes away. Fischer Park is less than five minutes away and offers trails, playgrounds, splash pads, fishing ponds, and open green space, making it a desirable amenity for both tenants and future owner-occupants. Current rent is above the area average, making this an attractive option for investors seeking immediate cash flow while avoiding vacancy costs and tenant placement expenses. This property may also appeal to buyers planning for future owner-occupancy by allowing rental income through the current lease term before moving in. The seller has taken a proactive and transparent approach to the property. Documentation is available upon request, including the current lease agreement, an updated Seller's Disclosure Notice, foundation repair documentation, an engineer's completion report, plumbing repair invoices, appliance replacement receipts, and maintenance records documenting repairs completed during the current tenancy. The seller has had professionally completed foundation repairs in 2023 with an accompanying engineer's certification, plumbing repairs during the foundation work, and recent appliance replacements. This property is being offered AS-IS, and buyers are encouraged to conduct any inspections and due diligence they deem appropriate. The available documentation allows buyers to better understand the property's history and make an informed purchasing decision.

Location

State TX

County Comal

Area 2707

Rooms

Master Bathroom Main Level 11X12 Tub/Shower Separate, Double Vanity

Master Bedroom Main Level 13X15 Walk-In Closet, Multi-Closets, Ceiling Fan, Full Bath

Bedroom 2 Main Level 10X11

Bedroom 3 Main Level 11X13

Living Room Main Level 16X19

Dining Room Main Level 11X14

Kitchen Main Level 11X11

Interior

Heating Central, 1 Unit

Cooling One Central

Flooring Ceramic Tile, Laminate

Fireplaces Number 1

Inclusions Ceiling Fans, Washer Connection, Dryer Connection, Microwave Oven, Stove/Range, Disposal, Dishwasher, Vent Fan, Smoke Alarm, Electric Water Heater, Garage Door Opener

Heat Source Electric

Exterior

Exterior Feature Covered Patio, Privacy Fence, Double Pane Windows, Storage Building/Shed, Has Gutters, Mature Trees

Parking Features Two Car Garage, Attached

Pool None

Amenities Available None

Roof Type Composition

Private Pool N

Building

Lot Description Mature Trees (ext feat)

Foundation Slab

Sewer Sewer System, City

Water City

Construction Status Pre-Owned

Schools

Elementary Schools Memorial

Middle Schools New Braunfel

High Schools New Braunfel

School District New Braunfels

Others

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

LERA MLS - Local Expertise Regional Access / SABOR

Listed by Yitzchak Pierson • eXp Realty • (512) 749-6532

Paula Coates

Advisor

+1(210) 331-6622

Paula Coates

1911 Palace New Braunfels, TX 78130

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1911 Palace