618 Live Oak St - Apartments FOR SALE


Blanco, TX 78606
$2,200,000 USD
512-368-2229
618 Live Oak St, Blanco, TX for Sale
$2,200,000 USD
Apartments - FOR SALE
1/26
null | 7.56% Cap Rate

618 Live Oak St
Blanco, TX 78606


HIGHLIGHTS

  • Major Remodel
  • Negligible Deferred Maintenance
  • Cash Flow Investment
  • Stable Asset

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$195 USD /SF

# OF UNITS

15

PRICE/UNIT

$146,667

CAP RATE

7.56%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Live Oak Apartment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

-

APN/PARCEL ID

R7220

ASK ABOUT THIS PROPERTY

Joaquin LopezLOCAL Real Estate GroupMore Info
512-368-2229

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Joaquin LopezLOCAL Real Estate GroupMore Info
512-368-2229

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