One of a kind investment opportunity on the booming I-35 Corridor. Minutes from San Antonio & Austin, these New Braunfels condominiums are in the prime location, making them ideal for long and short term rentals; minutes from Schlitterbahn, Texas State University & Gruene, TX. With limited inventory in this area due to phenomenal growth, Sungate has been able to retain majority of its original tenants and easily increase rent over each renewal. Built in 2020, this property is fully occupied and has seen a $1 million dollar valuation increase in the past year alone.

Exterior Stone/RockSiding Exterior Features Patio SlabCovered PatioDouble Pane Windows Foundation Slab Roof Composition Unit Eight Parking Spaces 4 Unit Eight Parking Type Attached Unit Five Parking Spaces 4 Unit Five Parking Type Attached Unit Four Parking Spaces 4 Unit Four Parking Type Attached Unit One Parking Spaces 4 Unit One Parking Type Attached Unit Seven Parking Spaces 4 Unit Seven Parking Type Attached Unit Six Parking Spaces 4 Unit Six Parking Type Attached Unit Three Parking Spaces 4 Unit Three Parking Type Attached Unit Two Parking Spaces 4 Unit Two Parking Type Attached

Air Conditioning One Central Floor CarpetingCeramic Tile Heating Central Heating Fuel Electric Unit Eight Beds 3 Unit Eight Full Baths 2 Unit Eight Half Baths 1 Unit Eight Handicap Access No Unit Eight Info Oven/StoveDisposalDishwasherWasher ConnectionDryer Connection Unit Five Beds 3 Unit Five Full Baths 2 Unit Five Half Baths 1 Unit Five Handicap Access No Unit Five Info Oven/StoveDisposalDishwasherWasher ConnectionDryer Connection Unit Four Beds 3 Unit Four Full Baths 2 Unit Four Half Baths 1 Unit Four Handicap Access No Unit Four Info Oven/StoveDisposalDishwasherWasher ConnectionDryer Connection Unit One Beds 3 Unit One Full Baths 2 Unit One Half Baths 1 Unit One Handicap Access No Unit One Info Oven/StoveDisposalDishwasherWasher ConnectionDryer Connection Unit Seven Beds 3 Unit Seven Full Baths 2 Unit Seven Half Baths 1 Unit Seven Handicap Access No Unit Seven Info Oven/StoveDisposalDishwasherWasher ConnectionDryer Connection Unit Six Beds 3 Unit Six Full Baths 2 Unit Six Half Baths 1 Unit Six Handicap Access No Unit Six Info Oven/StoveDisposalDishwasherWasher ConnectionDryer Connection Unit Three Beds 3 Unit Three Full Baths 2 Unit Three Half Baths 1 Unit Three Handicap Access No Unit Three Info Oven/StoveDisposalDishwasherWasher ConnectionDryer Connection Unit Two Beds 3 Unit Two Full Baths 2 Unit Two Half Baths 1 Unit Two Handicap Access No Unit Two Info Oven/StoveDisposalDishwasherWasher ConnectionDryer Connection

Annual Operating Expense 68667 Approx Age 3 For Sale Or Rent For Sale Gross Annual Income 382500 Hoa Mandatory Mandatory Hoa Name1 Sungate Meters Separate ElectricSeparate Water Multifamily Type Two Story Multiple Hoa No Net Operating Income 313833 Operating Expense Includes TaxesManagementServices Potential Short Sale No Proposed Terms ConventionalCash Subdivision Legal Name Sungate Taxed By Multiple Counties No Total Tax 38067 Unit Eight Rent 1695 Unit Five Rent 1695 Unit Four Rent 1695 Unit One Rent 1695 Unit Seven Rent 1695 Unit Six Rent 1695 Unit Three Rent 1695 Unit Two Rent 1695 Utility Supplier Other 210-800-5525 Vacancy Rate 0

© 2023 San Antonio Board of REALTORS® All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Zina & Co. Real Estate. Last updated 2023-03-21T16:32:48.693.

Date	Days Ago	Event	New Price
Sep 26, 2022	176 days ago	Price Increased : $1,000,000 (15.38%)	$7,500,000
May 9, 2022	316 days ago	New on market	$6,500,000

2034 Rueben Rd

Description

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Description

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2034 Rueben Rd New Braunfels, TX 78130

Property Description

Exterior	Stone/Rock Siding
Exterior Features	Patio Slab Covered Patio Double Pane Windows
Foundation	Slab
Roof	Composition
Unit Eight Parking Spaces	4
Unit Eight Parking Type	Attached
Unit Five Parking Spaces	4
Unit Five Parking Type	Attached
Unit Four Parking Spaces	4
Unit Four Parking Type	Attached
Unit One Parking Spaces	4
Unit One Parking Type	Attached
Unit Seven Parking Spaces	4
Unit Seven Parking Type	Attached
Unit Six Parking Spaces	4
Unit Six Parking Type	Attached
Unit Three Parking Spaces	4
Unit Three Parking Type	Attached
Unit Two Parking Spaces	4
Unit Two Parking Type	Attached

Air Conditioning	One Central
Floor	Carpeting Ceramic Tile
Heating	Central
Heating Fuel	Electric
Unit Eight Beds	3
Unit Eight Full Baths	2
Unit Eight Half Baths	1
Unit Eight Handicap Access	No
Unit Eight Info	Oven/Stove Disposal Dishwasher Washer Connection Dryer Connection
Unit Five Beds	3
Unit Five Full Baths	2
Unit Five Half Baths	1
Unit Five Handicap Access	No
Unit Five Info	Oven/Stove Disposal Dishwasher Washer Connection Dryer Connection
Unit Four Beds	3
Unit Four Full Baths	2
Unit Four Half Baths	1
Unit Four Handicap Access	No
Unit Four Info	Oven/Stove Disposal Dishwasher Washer Connection Dryer Connection
Unit One Beds	3
Unit One Full Baths	2
Unit One Half Baths	1
Unit One Handicap Access	No
Unit One Info	Oven/Stove Disposal Dishwasher Washer Connection Dryer Connection
Unit Seven Beds	3
Unit Seven Full Baths	2
Unit Seven Half Baths	1
Unit Seven Handicap Access	No
Unit Seven Info	Oven/Stove Disposal Dishwasher Washer Connection Dryer Connection
Unit Six Beds	3
Unit Six Full Baths	2
Unit Six Half Baths	1
Unit Six Handicap Access	No
Unit Six Info	Oven/Stove Disposal Dishwasher Washer Connection Dryer Connection
Unit Three Beds	3
Unit Three Full Baths	2
Unit Three Half Baths	1
Unit Three Handicap Access	No
Unit Three Info	Oven/Stove Disposal Dishwasher Washer Connection Dryer Connection
Unit Two Beds	3
Unit Two Full Baths	2
Unit Two Half Baths	1
Unit Two Handicap Access	No
Unit Two Info	Oven/Stove Disposal Dishwasher Washer Connection Dryer Connection

Annual Operating Expense	68667
Approx Age	3
For Sale Or Rent	For Sale
Gross Annual Income	382500
Hoa Mandatory	Mandatory
Hoa Name1	Sungate
Meters	Separate Electric Separate Water
Multifamily Type	Two Story
Multiple Hoa	No
Net Operating Income	313833
Operating Expense Includes	Taxes Management Services
Potential Short Sale	No
Proposed Terms	Conventional Cash
Subdivision Legal Name	Sungate
Taxed By Multiple Counties	No
Total Tax	38067
Unit Eight Rent	1695
Unit Five Rent	1695
Unit Four Rent	1695
Unit One Rent	1695
Unit Seven Rent	1695
Unit Six Rent	1695
Unit Three Rent	1695
Unit Two Rent	1695
Utility Supplier Other	210-800-5525
Vacancy Rate	0