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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.
Property Listed by: Fredericksburg Realty/Compass
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from May 29th, 2022 at 3:30am CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
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