930 Ranch Road 261, Buchanan Dam, TX 78609 - MLS#4339210

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Spencer Wheelwright

[email protected] +1(512) 944-8553

$1,495,000

Est. payment - /mo

11,155 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 11,155 sqft

Price per Sqft $134

MLS Listing ID 4339210

Year Built 1960

Tax Year 2024

Lot Size 2.330 Acres

Acres 2.33

Property Sub-Type Apartment

Source actris

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 See Remarks

Cooling Other

Flooring Tile, Vinyl

Fireplace No

Exterior

Utilities Available Electricity Connected, Propane, Sewer Connected, Water Connected

View Lake

Total Parking Spaces 25

Building

Foundation Slab

Sewer Engineered Septic

Water Private, Well

Structure Type Stucco

New Construction No

Others

Special Listing Condition Standard

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Listed by Jesse James Real Estate

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Spencer Wheelwright

+1(512) 944-8553

Broker Associate | License ID: 667574

Broker Associate License ID: 667574

930 Ranch Road 261 Buchanan Dam, TX 78609

Spencer Wheelwright

Key Details

Location

Interior

Exterior

Building

Others

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