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415 Cross Mountain Dr - Cross Mountain Estates 12 Unit Apartment Building Offered For Sale Fredericksburg, TX 78624
Investment Highlights
- 12 Rental Units with 100% occupancy
- Expansion possibilites
- Desirable Fredericksburg location
Executive Summary
Cross Mountain Estates is a 3 acre, 12 unit, turn key rental complex with 100% occupancy with an additional 0.70 acre developable lot all zoned R2. Located in a beautiful quiet part of Fredericksburg, TX just at the base of Cross Mountain, this offering has a wide range of possibilities. Purchasers may acquire this asset as a turn-key rental complex or pursue a redevelopment or expansion strategy utilizing the property's scale, zoning, location, and developable land. This property includes 6 2bedroom/1.5 bathroom rental units, 3 2 bedroom/1 bath rental units, 1 2bedroom/2bath rental unit, 1 1bedroom/1 bath rental unit, a main house that is 3 bedroom/2.5 bath with an upstairs 1 bedroom/1bath efficiency apartment. The property has been well-maintained and property managers live on premise. 8 units have recently been updated and roofs were redone in October 2025 with Class 4 shingles which gives a significant insurance discount. Pricing and financials available upon request.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Ceiling Fans
- Granite Countertops
Site Amenities
- Property Manager on Site
- Gas Range
- Storage Space
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 6 | - | - |
| 2+1 | 3 | - | - |
| 1+1 | 1 | - | - |
| 2+2 | 1 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,510,423 CAD | |
| Land Assessment | $1,141,155 CAD | Total Assessment | $2,651,578 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,141,155 CAD
Improvements Assessment
$1,510,423 CAD
Total Assessment
$2,651,578 CAD
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415 Cross Mountain Dr - Cross Mountain Estates
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