Exceptional opportunity in a rapidly growing Central Texas market. This 11,000+ sq ft multifamily property sits on 2.33 acres with elevated views of Lake Buchanan’s main body—making it a rare lake-adjacent investment with long-term upside. Currently configured as 12 apartment units with 92% occupancy, this asset offers immediate cash flow… Read More with room to increase rents and NOI through full stabilization. Recent capital improvements include newer metal roofs, stucco exterior, and interior renovations, minimizing deferred maintenance and supporting operational efficiency. Additional onsite amenities: covered common area, tenant laundry, and storage. Conveniently located near Highways 1431 and 29 - 20 mins to Burnet, Llano, and Marble Falls, and just 90 minutes to Austin or San Antonio. Free public lake access and boat ramp just 2 miles away enhance tenant appeal. P&L available for qualified buyers. Showings by appointment only. Read Less
Property listed by Jesse James Real Estate 512-793-2851 (512) 793-2851
Listing Snapshot
Days Online
14
Last Updated
Property Type
Apartment
Square Ft.
11,155
Lot Size
2.33 Acres
Year Built
1960
MLS Number
4339210
Additional Details
Building
Built in 1960, 11155 total building sqft, Appliances, No Loading, Signs, Storage, Stucco
Disclosures
Lead Based Paint Disclosure, Seller Disclosure
Expenses
Operating Expense: $59,000
Floors
Tile, Vinyl
Foundation
Slab
Income
Gross Scheduled Income: 130000
Laundry
Washer Hookup, Dryer Hookup
Lot
2.33 acres, Area: 2.33
Parking
Asphalt
Property
3 buildings, Resale, Lake
Sewer
Engineered Septic
Taxes
Year: 2024
Utilities
Electricity Connected, Propane, Sewer Connected, Water Connected
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