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    40202 Settlers Path Georgetown, TX 78626

    For Sale
    $785,000

    Texas income property, 2 units, $785k

    Property size:
    3,584 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional Georgetown, Texas investment opportunity presents a 2-unit apartment building, ideally situated on a spacious 0.88-acre lot at 40202 Settlers Path, 78626. Boasting a total of 3,584 square feet, this property offers significant income potential. Each unit features a generous floor plan encompassing 3 bedrooms, plus bonus rooms/offices, laundry rooms, and 3.5 bathrooms. The left unit underwent a complete renovation in 2020, showcasing updated wood floors, a modern kitchen, and upgraded bathrooms. The property also includes a detached shed/workshop, two garages, ample parking, and attractive stone and hardy board exterior finishes. Significant upgrades completed in 2021 include a new roof for the entire building, and an upgraded well, well-house, and pump. Its prime location offers easy access to major roadways like the 130-Tollway and I-35, placing it within convenient reach of the Tesla Giga-Factory, Samsung campus in Taylor, Circuit of the Americas, downtown Georgetown, downtown Austin, Austin-Bergstrom Airport, and The Domain. The property's proximity to various amenities and employment centers further enhances its investment appeal. This multifamily property is priced at $785,000, representing a compelling $392,500 per unit. Built in 1986, with a two-story design across four buildings, this property is a strong contender for investors seeking a high-return asset in a rapidly growing area.

    Property Features for 40202 Settlers Path

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,584 SF
    Lot Size
    38,333 SF

    Building Details

    Year Built/Renovated
    1986/2020
    Buildings
    4
    Stories
    2
    Units
    2

    HighLights

    • $785,000 asking price for a 2‑unit apartment building.
    • 3,584 square feet, with 3,584 square feet of net rentable space.
    • $219.03 price per square foot and $392,500 per unit.
    • Built in 1986, renovated in 2020.
    • Located on a 0.88‑acre lot in Georgetown, TX, at 40202 Settlers Path, 78626.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Clothing Store Auto Repair Shop Pharmacy Kitchen & Bath Bakery Storage Facility Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Williamson
    State
    Texas
    Longitude
    -97.637057972446
    Latitude
    30.667101070102

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    FAQs

    What type of property is this?
    Multifamily property - Texas income property, 2 units, $785k
    Where is this multifamily property located?
    The property is located at 40202 Settlers Path Georgetown, TX.
    What is the asking price?
    The asking price for this property is $785,000.
    What are key features of this property?
    This property features: $785,000 asking price for a 2-unit apartment building.; 3,584 square feet, with 3,584 square feet of net rentable space.; $219.03 price per square foot and $392,500 per unit.
    Request Owner's contact information
    40202 Settlers Path Georgetown, TX 78626
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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
    40202 Settlers Path Georgetown, TX 78626
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