Eight-Unit Multifamily
208-210 N Vanderveer Street Burnet, TX 78611
208-210 N Vanderveer Street, Burnet, TX, 78611
Contact for pricing
For Sale
Contact for pricing
Eight-unit multifamily property with four two-bedroom and four one-bedroom residences, partially under leases through 2027.
Property Size5,944 SF
Price / SF$100.94
Days on Market15
Property Features for 208-210 N Vanderveer Street
General Information
- Standard status
- Active
- Size
- 5,944 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1977
Listing agency
REspace LLC
(512) 762-8669
Listed by
Tony Lazarov · License #TX 9005423
Source
Crexi
Added: Jul 9 Updated: Jul 22 at 10:01PM Checked: Jul 22 at 10:01PM
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 REspace LLC
Investment Insights
Based on property information with market context.
208-210 N Vanderveer is an eight-unit multifamily community consisting of four two-bedroom residences and four one-bedroom residences. The property is professionally managed by ManagePro LLC and is currently owned by SANN Investments, Inc.
Five units are occupied under leases extending into 2027, with three additional units in active lease-up. Owner-paid water and sewer service is partially recovered through tenant utility chargebacks, while electricity is tenant-paid.
This is a residential income property configured as a small eight-unit apartment community, with a mix of one- and two-bedroom layouts and current occupancy that includes both leased and in-lease-up units.
Five units are occupied under leases extending into 2027, with three additional units in active lease-up. Owner-paid water and sewer service is partially recovered through tenant utility chargebacks, while electricity is tenant-paid.
This is a residential income property configured as a small eight-unit apartment community, with a mix of one- and two-bedroom layouts and current occupancy that includes both leased and in-lease-up units.
Key Highlights
- Eight‑unit multifamily community built in 1977
- Unit mix includes four 2‑bedroom and four 1‑bedroom residences
- Five units currently occupied under leases extending into 2027
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 | $104.9k | $17.64 |
| − Vacancy | −$6.8k | −$1.15 |
| EGI | $98.0k | $16.49 |
| − OpEx | −$44.1k | −$7.42 |
| NOI | $53.9k | $9.07 |
5,944 SF · lease $17.64/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$770.3K
$674.0K – $898.7K
NOI $53,920 @ 7.0% cap · market cap 8.99%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$4.48M
$3.92M – $5.22M
NOI $313,397 @ 7.0% cap · market cap 52.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Eight-unit multifamily property with four two-bedroom and four one-bedroom residences, partially under leases through 2027.
Where is this apartment building located?
The property is located at 208-210 N Vanderveer Street Burnet, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Eight‑unit multifamily community built in 1977; Unit mix includes four 2‑bedroom and four 1‑bedroom residences; Five units currently occupied under leases extending into 2027
