Four-Unit Residential Income
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For Sale
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201 Southland #2, Burnet, TX 78611
The fourplex includes central air, ceiling fans, and in-unit kitchen appliances.
Property Size750 SF
Price / SF$1.13
Days on Market7
Property Features for 201 Southland #2
General Information
Standard status
Active
Size
750 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Amenities
Ceiling Fan(s), Central Air
Central, Electric
Dishwasher, Electric Range, Refrigerator, Electric Water Heater
Building Details
Year Built
1978
Listing Agency:
TJM Realty Group
Listed By:
Aide Ochoa · License #0745766
(956) 266-3660
Source:
Evrealestate
Added: Oct 11
Changed: Oct 15
Last Checked: Oct 16 at 7:09AM
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 TJM Realty Group
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Investment Insights
Based on property information with market context.
Built in 1978, this fourplex has central air conditioning and ceiling fans. Kitchen appliances include a dishwasher, electric range, refrigerator, and electric water heater.
The property is at 201 Southland in Burnet, Burnet County. From Burnet, take Hwy. 29 west toward Lake Buchanan, then turn left onto Southland Drive; the property is on the right.
The property is at 201 Southland in Burnet, Burnet County. From Burnet, take Hwy. 29 west toward Lake Buchanan, then turn left onto Southland Drive; the property is on the right.
Key Highlights
- Fourplex built in 1978
- Central air conditioning and ceiling fans
- Dishwasher, electric range, refrigerator, and electric water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,804
Suggested Prices Based on Cap Rates
Cap Rate 5%
$136,080
$136.1K
Cap Rate 7%
$97,200
$97.2K
Cap Rate 9%
$75,600
$75.6K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$13.2K $17.64/SF
− Vacancy
−$860 −$1.15/SF
EGI
$12.4K $16.49/SF
− OpEx
−$5.6K −$7.42/SF
NOI
$6.8K $9.07/SF
Area
Burnet County, TX
Vacancy
6.50%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$136,080
Cap Rate 7%
$97,200
Cap Rate 9%
$75,600
Alternative Uses
Best Use
Multifamily LT 5
$105.6K
$92.4K – $123.2K
NOI $7,389 @ 7.0% cap · market cap 869.29%
Second Best
Apartment 5plus
$97.2K
$85.1K – $113.4K
NOI $6,804 @ 7.0% cap · market cap 800.47%
Theoretical Best
Hotel Hospitality
$564.9K
$494.3K – $659.1K
NOI $39,544 @ 7.0% cap · market cap 4,652.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
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Business Placement
Demographics for 78611, TX
14,839
Population
7,417
Households
2
Avg Household Size
47
Median Age
28%
College-Educated
91%
High-School Grad
274.1 sq mi
ZIP Area
54
Density / Sq Mi
$78,243
Median Household Income
$40,062
Median Earnings
$1,111
Median Rent
$291,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The fourplex includes central air, ceiling fans, and in-unit kitchen appliances.
Where is this quadplex located?
The property is located at 201 Southland #2 Burnet, TX.
What are key features of this property?
This property features: Fourplex built in 1978; Central air conditioning and ceiling fans; Dishwasher, electric range, refrigerator, and electric water heater
