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$1,999,999
Est. payment /mo
12,303 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 12,303 sqft
Price per Sqft $162
Subdivision Paradise Heights
MLS Listing ID 9160651
Year Built 2023
Annual Tax Amount $25,535
Tax Year 2025
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type Multi Family
Source actris
Property Description
Blanco County is one of the fastest-growing rural counties attracting retirees, young families and remote workers. Blanco is dominated by single-family homes and ranches, leaving apartment options scarce. The scarcity and difficulty developing new boosts demand and keeps rental occupancy high. Blanco is also located within 50 miles of both Austin and San Antonio, TX, 2 of the top 10 most populated markets in the entire USA, offering residents small-town living with easy access to urban job markets, universities and cultural attractions. The surrounding area also boasts exceptional outdoor recreation, wineries, breweries, tourism, including several annual outdoor festivals. Blanco is becoming a quiet hot bed of activity for its inhabitants.
Live Oak Apartments is A STABLIZED AND TURNKEY MULTIFAMILY OFFERING IN CENTRAL TEXAS!! Major remodel leaving negligible deferred maintenance. Per sellers, remodeled everything other than structure, foundation and exterior walls. Below are the highlights:
1. Strong Cashflow investment in Central TX.
2. Major remodel finishing May 2023 leaving no deferred maintenance.
3. Ability to monitor utility consumption remotely and leases structured with utility reimbursement.
4. Strong 100% Cost Segregation potential with no significant capital reserves required in budgeting.
5. Existing property management willing to stay in place.
6. Lean expense ratio and high yield for the area.
Live Oak Apartments is A STABLIZED AND TURNKEY MULTIFAMILY OFFERING IN CENTRAL TEXAS!! Major remodel leaving negligible deferred maintenance. Per sellers, remodeled everything other than structure, foundation and exterior walls. Below are the highlights:
1. Strong Cashflow investment in Central TX.
2. Major remodel finishing May 2023 leaving no deferred maintenance.
3. Ability to monitor utility consumption remotely and leases structured with utility reimbursement.
4. Strong 100% Cost Segregation potential with no significant capital reserves required in budgeting.
5. Existing property management willing to stay in place.
6. Lean expense ratio and high yield for the area.
Location
County Blanco
Interior
Heating Central
Cooling Central Air
Flooring Vinyl
Fireplace No
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View None
Total Parking Spaces 30
Private Pool No
Building
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick,HardiPlank Type
New Construction No
Others
Special Listing Condition Standard
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Listed by Keller Williams Realty
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