185 Hidden Dr - Apartments FOR SALE


Canyon Lake, TX 78133- Hill Country
$1,099,900 USD
469-450-7037
185 Hidden Dr, Canyon Lake, TX for Sale
$1,099,900 USD
Apartments - FOR SALE
1/24
null | 9.09% Cap Rate

185 Hidden Dr
Canyon Lake, TX 78133
Hill Country


OVERVIEW

Rare opportunity to acquire four newly constructed homes in Canyon Lake at a basis that is significantly below typical home prices in the area. At approximately $275K per home, this offering allows investors to acquire four units for less than the cost of one typical Canyon Lake property. Short Term Rental Opportunity: The homes are configured for short term rental use and delivered vacant, allowing a new owner to complete final touches, furnish, and bring the portfolio online efficiently. Market performance supports: Nightly rates in the $200+ range Typical occupancy of 40% to 50% Stronger performance for well-positioned 3 bedroom homes Revenue Profile (Annual) Average: $30K to $40K per unit Strong operator: $45K to $55K per unit Top tier: $60K+ per unit Portfolio potential: $120K to $220K+ annual revenue Estimated NOI: ~$75K to $130K+ Base case supports approximately $100K NOI (~$8K per month) • Unit 1: 3 Bed / 2 Bath – 1,066 sq ft • Unit 2: 3 Bed / 2 Bath – 1,490 sq ft • Unit 3: 3 Bed / 2 Bath – 1,490 sq ft • Unit 4: 3 Bed / 2.1 Bath – 2,104 sq ft

FOR SALE DETAILS

PRICE

$1,099,900 USD

PRICE/SF

$126 USD /SF

# OF UNITS

4

PRICE/UNIT

$274,975

CAP RATE

9.09%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Canyon Lake STR Portfolio | 4 Homes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

-

APN/PARCEL ID

22-0228-0002-00

ASK ABOUT THIS PROPERTY

Wesson AssefaAssetlyOne LLCMore Info
469-450-7037

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Wesson AssefaAssetlyOne LLCMore Info
469-450-7037

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.