Blanco, TX 78606,Address not disclosed
Blanco, TX 78606,Address not disclosed
Blanco, TX 78606,Address not disclosed
Blanco, TX 78606,Address not disclosed
Blanco, TX 78606,Address not disclosed
Blanco, TX 78606,Address not disclosed
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$ 2,200,000
Est. payment | /mo

12,303 SqFt


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$ 2,200,000
Est. payment | /mo
Save

12,303 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,303 sqft

Price per Sqft $178

Subdivision Paradise Heights

MLS Listing ID 9160651

Year Built 2023

Annual Tax Amount $29,746

Tax Year 2024

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.

Location

State TX

County Blanco

Area Bl

Interior

Heating Central

Cooling Central Air

Flooring Vinyl

Fireplace N

Exterior

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View None

Accessibility None

Total Parking Spaces 30

Building

Story 1

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Brick,HardiPlank Type

New Construction No

Others

Restrictions City Restrictions

Acceptable Financing Cash, Conventional

Tax Rate 1.708

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Keller Williams Realty • Joaquin Lopez
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