Property Description

Look no further as this stunning 36-acre multi-family investment property in Devine, Texas offers diverse income opportunities, a 13% cap rate, and is just 5 minutes to I-35 and 20 minutes to San Antonio! Nestled among dozens of majestic century-old oak trees, youll find two distinctive homes with a combined 3,647 square feet (SF) of living space, a massive 5,000SF multi-use structure at the heart of the estate, fully equipped with water, electricity, LED fixtures, and commercial oscillating fans, and over 6,000SF of auxiliary space throughout the property for livestock, storage, and recreation. Nearly all 36 acres are designated as improved irrigated pasture, ideal for farming, ranching, and horticulture endeavors. Water and electricity are abundant across the property with district water, multiple wells, a canal irrigation system, an 11,000-gallon cistern, a half-acre stock pond, a picturesque 31-foot windmill, and three electrical meters. The property is further complemented by an inviting pool, a charming 250SF treehouse deck, and a brilliant 330SF sunroom. Whether youre seeking a serene private and/or company retreat, a dynamic space for entertaining and recreation, and/or a rental property investment (e.g., single family rentals, event venue rental, etc.), this oak-studded multi-family property delivers. The easy access to San Antonio, Castroville, Lytle, Pearsall, and Jourdanton could draw a diverse tenant and customer base. Currently Ag Exempt. Low Taxes. No Restrictions. Devine ISD. Schedule your tour today!

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