8390 N Verde Dr San Antonio, TX 78240
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About this home
Prime Investment Property on Bandera - Dual Living + Commercial Potential An exceptional opportunity to acquire a 1.61-acre estate with over 350 feet of Bandera Rd frontage, one of the most visible and high-traffic corridors in the region, with more than 100,000 vehicles passing weekly. This versatile duplex estate features two independent residences, each with private living spaces. Ideal for multi-family use, executive housing, or steady rental income. A luxury garage/workshop offers premium space for automotive enthusiasts, small business operations, or a high-value rental unit. Additionally, a modern backyard office provides a turnkey workspace for remote professionals, creative studios, or boutique companies seeking a private yet connected environment. All structures are energy-efficient, equipped with air conditioning, heating, and full fiber-optic connectivity, ensuring comfort and high-speed internet access across the property. A private water well eliminates water bills, complemented by three septic systems. City water connections are conveniently located at the property corner - allowing low-cost tie-in while keeping the well for unrestricted irrigation. Currently zoned RE (Residential Estate), the property allows for select commercial uses such as schools, libraries, churches, or care facilities (child or elder) with appropriate approvals. The surrounding area is seeing significant TXDOT infrastructure improvements, including enhanced walkability and a new traffic light - all contributing to rising long-term value and accessibility. Don't miss this rare opportunity to own a high-visibility estate with multi-use potential and long-term upside. Explore how this unique Bandera Rd property can serve your investment, residential, or institutional vision.
Source: SABOR #1922768
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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