Canyon Lake Condo with
36 Oak Villa Rd # C-2 Canyon Lake, TX 78133
36 Oak Villa Rd # C-2, Canyon Lake, TX, 78133
$175,000
For Sale
$175,000
Low-maintenance condo near Canyon Lake amenities and Guadalupe River.
Property Size965 SF
Lot Size8.00 Acres
Price / SF$181.35
Days on Market490
Property Features for 36 Oak Villa Rd # C-2
General Information
- Standard status
- Active
- Size
- 965 SF
- Lot size
- 8.00 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1981
Listing Agency
Sullivan Hill Country Properti
(830) 237-0783
Listed by
Risa Saldana · License #0736881
(830) 237-0783
Source
Exitrealty
Added: Mar 18, 2025 Updated: Jul 6 at 12:07 pm Checked: Jul 19 at 5:11 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sullivan Hill Country Properti
Investment Insights
Based on property information with market context.
Located in Canyon Lake, this 2-bedroom, 2-bath condo at Oak Ridge Villas offers a low-maintenance living option. The property is situated in a desirable area, within minutes of Brookshire groceries, approximately 3 miles from Canyon Park and Canyon Lake Marina, and less than 5 miles from tubing and concerts on the Guadalupe River. Monthly dues cover yard and building maintenance, trash services, limited insurance, garage service, and common area maintenance, including a pool. The condo features a wood-burning fireplace. Residents can enjoy 8 acres of grounds for outdoor activities. The location provides convenient access to restaurants, I-35, and New Braunfels. The property size is 965 square feet.
Key Highlights
- Affordable, low‑maintenance condo in a desirable Canyon Lake location.
- Includes access to a community pool.
- Monthly dues cover yard, building, and common area maintenance, trash, limited insurance, and garage service.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.4k | $18.00 |
| − Vacancy | −$1.7k | −$1.80 |
| EGI | $15.6k | $16.20 |
| − OpEx | −$7.0k | −$7.29 |
| NOI | $8.6k | $8.91 |
965 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$122.8K
$107.5K – $143.3K
NOI $8,598 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$246.2K
$215.4K – $287.2K
NOI $17,231 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Low-maintenance condo near Canyon Lake amenities and Guadalupe River.
Where is this residential income property located?
The property is located at 36 Oak Villa Rd # C-2 Canyon Lake, TX.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Affordable, low‑maintenance condo in a desirable Canyon Lake location.; Includes access to a community pool.; Monthly dues cover yard, building, and common area maintenance, trash, limited insurance, and garage service.
