618 Live Oak Street, Blanco, TX



CAP RATE OVER 10%!!! Live Oak Apartments- exclusive multifamily property investment opportunity. Fully renovated 15-unit apartment complex is complete, move-in-ready w/high demand. The first new apartment complex to be constructed in many years, the other two complexes in the area are income-restricted or dated, and all are consistently at or near full capacity with low turnover. This building was repurposed from a former nursing home, retaining only the slab, exterior brick walls, and roof trusses. Notable features: PEX plumbing, gravity-fed drain lines, spray-foam insulation, high-efficiency windows and doors, Carrier central air conditioning in each unit, butcher block countertops, and new SS kitchen appliances. The property incorporates geo-tagged 3D imaging of all infrastructure for easy maintenance and repairs. A top-level fire suppression system ensures resident safety, while newly paved parking areas and privately sub-metered utilities provide convenience and efficiency. The property also offers a laundry room contracted with CSC on a revenue-sharing basis. The unit mix includes a fully furnished 3-bedroom/2-bathroom unit, six 1-bedroom/1-bathroom units, four 2-bedroom/1-bathroom units, and four 2-bedroom/2-bathroom units. Blanco, conveniently located 49 miles from both Austin and San Antonio, sits on US Highway 281 near the intersection with US Highway 290, in the heart of the Texas Hill Country. This scenic town, certified as a Night Sky Friendly + Scenic City, is surrounded by wineries, breweries, distilleries, and the beautiful Blanco River with its State Park. It offers residents and visitors opportunities for recreation and relaxation. Live Oak Apartments presents an exclusive multifamily property investment opportunity in the flourishing town of Blanco, Texas. This all-new 15-unit complex with modern construction and desirable amenities is poised to meet the high demand for quality housing in the area. Financials available by request

Facts & Features

ListingFeed abor
MLS® # 2302401
Price $2,295,000
Bathrooms 0.00
Acres 1.00
Year Built 2020
Type Commercial
Sub-Type Apartment
Status Active

Community Information

Address 618 Live Oak Street
Subdivision Paradise Heights
City Blanco
County Blanco
State TX
Zip Code 78606


Utilities Electricity Connected, Sewer Connected, Water Connected
Parking Parking Lot, Paved
View None
Is Waterfront No
Has Pool No


Interior Vinyl
Heating Central
Fireplace No


Construction Brick, HardiPlank Type
Foundation Slab

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Map

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