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    700 Medina St Lockhart, TX 78644

    For Sale
    Contact for pricing

    26-unit apartment building, high-density zoning.

    Property size:
    16,364 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional value-add investment opportunity presents a 26-unit apartment building situated on a 1.03-acre lot in Lockhart, Texas. The property, known as Carlatan, is located at 700 N Medina St, 78644, within Caldwell County. Built in 1975, this multifamily complex comprises two, two-story buildings totaling 16,364 square feet. The property is zoned for Residential High Density, offering significant potential for future development or renovation. Carlatan provides a unique opportunity to capitalize on the growing Lockhart market, conveniently located just 30 miles from Austin, Texas. The property's location benefits from the recent addition of State Highway 130, contributing to Lockhart's expanding economy. This established community offers a slower pace of life while remaining close to the vibrant Austin metropolitan area. The property's APN is 19603. This is a Class C multifamily investment, presenting a compelling opportunity for investors seeking value-add potential in a thriving Texas market. The property's 26 units provide a solid foundation for immediate income generation and future growth. The substantial lot size also offers potential for expansion or additional development. This is a rare opportunity to acquire a well-positioned multifamily asset in a rapidly developing area.

    Property Features for 700 Medina St

    General Information

    Property type
    Multifamily properties
    Square Feet
    16,364 SF
    Lot Size
    44,867 SF

    Building Details

    Year Built
    1975
    Buildings
    2
    Stories
    2
    Units
    26

    HighLights

    • Multi‑family investment opportunity in Lockhart, TX.
    • Class C multifamily property.
    • 16,364 square feet.
    • Built in 1975.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lockhart
    County
    Caldwell
    State
    Texas
    Longitude
    -97.68558278
    Latitude
    29.88900781

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    FAQs

    What type of property is this?
    Multifamily property - 26-unit apartment building, high-density zoning.
    Where is this multifamily property located?
    The property is located at 700 Medina St Lockhart, TX.
    What are key features of this property?
    This property features: Multi-family investment opportunity in Lockhart, TX.; Class C multifamily property.; 16,364 square feet.
    Request Owner's contact information
    700 Medina St Lockhart, TX 78644
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    Lockhart, TX 78644
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    700 Medina St Lockhart, TX 78644
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