12064 Park Road 37 Lakehills, TX $ 189,900
12064 Park Road 37
$ 189,900
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12064 Park Road 37

Lakehills, TX, 78063
$ 189,900
Baths0.0 Sq 15,500

Monthly Estimate*

$ 1,185

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Studio

Multi-Family Home for sale in Lakehills, TX

for $189,900. This 15,500 square foot home was built in 1955 on a lot size of 0.351.

Located in the high-growth corridor northwest of San Antonio on Park Road 37, this unrestricted property offers a 23.72% pro-forma cap rate (solely from rental income) and flexible options to lease a minimum of six spaces (up to eight without expansion) or combine as a tenant and owner-user mix. Spanning seven lots, the property features a mixed-use building, a covered detached patio with an adjacent structure (possible food stand QSR), multiple storage structures, and two to four RV or tiny home pads with full hookups. A 1950s Spartan Mansion is seamlessly integrated into the building, creating a distinctive setting for retail, office, or lodging use. Significant updates to the building and grounds, including utilities, aesthetics, and site improvements make this a turnkey opportunity for long-term leases or short-term rentals. Water, sewer, and electricity are already on-site. With easy access to the new H-E-B grocer at Hwy 211/Culebra Rd, Alamo Ranch, Helotes, Bandera, and Medina Lake, plus ample parking and natural shade from mature oaks and cedars, this versatile property is full of potential. Schedule your tour today!

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Multi-Family Active

Price

$ 189,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,057

Style

Multi-Family (2-8 Units)

Lot Size

0.351

Year Built

1955

Town/City

Lakehills

County/Region

Bandera

MLS | Web ID

1875203

Features
General
Living Area 15500
Heating 3+ Units
Cooling 3+ Window/Wall Other
Subdivision AVALON
Builder Varies
Class Multi-Family (2-8 Units)
Type One Story
Status Active
Area 3100
Year Built 1955
High School Bandera
School District Bandera Isd
Proposed Terms Conventional FHA VA Cash Investors OK Other
Elementary School Hill Country
Middle School Bandera
Legal Description Avalon H BLK 64 LT 1-4 and Avalon H BLK 64 LT 11-13
Taxes 1057.65
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Exterior
Exterior Brick Wood Metal Structure
Foundation Slab Other
Exterior Features Patio Slab Covered Patio Solar Screens Mature Trees Workshop Partially Wooded Mature Trees (ext feat) Lake Medina
Lot Size 0.351
Water/Sewer Septic
Roofing Metal
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Interior
Flooring Carpeting Stained Concrete
Heating Fuel Electric
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* Excluded Features
List By
Thomas Martinez

Listing Agent

Leverage Realty Consulting Group

Broker

Thomas@HireLeverageGroup.com

Email

Affordability Calculator

$1,273
Per Month
93%
7%
0%
Monthly Principal & Interest
$1,185
Monthly Property Taxes
$88
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
744908 Elementary School
745527 Middle School
Bandera High School High School
Pricing History
DatePricePrice ChangeDescription
7/12/2025$189,900 -5.00% Price Down
6/12/2025$199,900 Listed Price

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12064 Park Road 37, Lakehills, TX, 78063 is a Multi-Family Home for sale at $189,900 with 15,500 sqft and a lot size of 0.351. 12064 Park Road 37 is a studio with 0.0 baths and was built in 1955. The property's zip code is 78063 which is in Lakehills, TX