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$1,495,000
Est. payment /mo
11,155 SqFt
UPDATED:
Key Details
Property Type Townhouse, Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 11,155 sqft
Price per Sqft $134
MLS Listing ID HLM174585
Year Built 1960
Lot Size 2.330 Acres
Acres 2.33
Lot Dimensions irreg
Property Sub-Type Commercial
Source highland
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 Central, Wall Furnace
Cooling Central Air, Wall/Window Unit(s)
Flooring Hard Tile, Laminate Floating, Saltillo
Exterior
Roof Type Metal
Building
Foundation Slab
Sewer Septic Tank
Water Well
Structure Type Other,Synthetic Stucco
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Listed by Jesse James Real Estate
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Beata Burgeson
Broker Associate | License ID: 513236
Broker Associate License ID: 513236