Building Details

Year Built 1997

Buildings 3

Listing Agency: RE/MAX HORSESHOE BAY RESORT SA

Listed By: Chad Thibodeaux · License #0423439 Show Phone

Source: Compass

Added: Jun 16, 2023 Changed: Aug 8 Last Checked: Jul 24 at 2:52PM

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Investment Insights

Based on property information with market context.

The Stonewood Townhomes complex presents an investment opportunity on a 0.74-acre parcel in Horseshoe Bay. The property comprises three buildings with a total of eight units, seven of which are currently leased. The complex includes two triplexes, each featuring three single-level units with 1 bedroom, 1.5 baths, and 884 sq. ft. of living space. These townhomes have an open floor plan. Additionally, there is a duplex with two two-story units, each offering 2 bedrooms, 2 baths, and an attached single-car garage. These units provide 1,370 sq. ft. of living space and include vaulted ceilings, a fireplace, and a loft area. The property is well-maintained and located in a thriving area, suggesting rental demand. The absence of monthly HOA fees enhances the financial appeal. The total property size is 8,044 sq. ft.

Key Highlights

• Entire 8‑unit townhome complex on .74 acres in desirable Horseshoe Bay.
• Immediate cash flow with 7 of 8 units currently leased.
• No HOA fees, increasing profitability.

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Parking Lot & Garage Garden Center Grocery & Convenience Store Big Box & Wholesale Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

116

Businesses Nearby

Explore this area Business Placement

Demographics for 78657, TX

6,531

Population

5,272

Households

1.2

Avg Household Size

60

Median Age

47%

College-Educated

96%

High-School Grad

38.8 sq mi

ZIP Area

168

Density / Sq Mi

$93,699

Median Household Income

$39,907

Median Earnings

$1,406

Median Rent

$470,100

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Multi-unit complex in Horseshoe Bay with immediate cash flow.

Where is this apartment building located?

The property is located at 307 Out Yonder Unit 18 Horseshoe Bay, TX.

What is the asking price?

The asking price for this property is $1,280,000.

What are key features of this property?

This property features: Entire 8‑unit townhome complex on .74 acres in desirable Horseshoe Bay.; Immediate cash flow with 7 of 8 units currently leased.; No HOA fees, increasing profitability.