Turnkey investment opportunity in the established Palace Heights neighborhood of New Braunfels. This well-maintained 3-bedroom, 2-bath home with approximately 1,740 square feet is currently tenant-occupied with a lease in place through September, providing immediate rental income for a new owner. The lease may be extended if mutually agreed upon by the tenant and owner. The home features a functional single-story layout with spacious living areas and a practical floor plan ideal for long-term rental stability. Located in a mature neighborhood with strong rental demand, the property offers convenient access to I-35, downtown New Braunfels, shopping, dining, and major employment corridors. One of the standout location benefits is its close proximity to Memorial Elementary School and Walnut Springs Elementary School, both just minutes away. Additionally, Fischer Park is less than five minutes from the home, offering trails, playgrounds, splash pads, fishing ponds, and open green space — a major draw for both tenants and future owner-occupants. Current rent is above the area average, making this an attractive option for investors seeking cash flow from day one. Buyers avoid vacancy costs and tenant placement expenses with an active lease already in place. This property may also appeal to buyers planning for future owner-occupancy, allowing rental income collection until lease expiration while securing ownership now. Showings by appointment only. Please do not disturb the tenant. Advance notice required. Buyer to verify all lease terms, square footage, and investment details.