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$ 1,495,000
Est. payment | /mo
11,155 SqFt
$ 1,495,000
Est. payment | /mo
11,155 SqFt
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 11,155 sqft
Price per Sqft $134
MLS Listing ID 4339210
Year Built 1960
Tax Year 2024
Lot Size 2.330 Acres
Acres 2.33
Property Sub-Type Apartment
Source actris
Property Description
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 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.
Location
State TX
County Llano
Interior
Heating See Remarks
Cooling Other
Flooring Tile, Vinyl
Fireplace No
Exterior
Utilities Available Electricity Connected, Propane, Sewer Connected, Water Connected
View Lake
Total Parking Spaces 25
Building
Foundation Slab
Sewer Engineered Septic
Water Private, Well
Structure Type Stucco
New Construction No
Others
Special Listing Condition Standard
Listed by Jesse James Real Estate