1731 Spur Carmine, TX 78932
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Mixed-use properties
Property Details for 1731 Spur
- Property size
- 2,672 SF
- Property type
- Mixed-use properties
- Property subtype
- Residential income homes
Description
This exceptional investment opportunity in Carmine, Texas, presents three distinct rental properties situated on a spacious 32,670-square-foot lot. The portfolio comprises a charming, updated historic cottage (1.5 baths), a renovated rustic barn currently operating as a successful event venue and bar ("Good Company") with a transferable beer and wine license, and a newly constructed contemporary home (2 baths). Each home features three bedrooms, totaling 2,672 square feet of net rentable space. All three properties are fully furnished and benefit from breathtaking views of the surrounding ranchland. The property's prime location near the expanding "Y" retail hub outside Round Top ensures high occupancy, particularly during the popular Round Top Antique Shows, where all units are currently booked to capacity. Further enhancing the income potential, a food truck also rents space on the property, attracting additional customers to the venue. This turnkey operation offers a unique blend of historical charm and modern amenities, presenting a lucrative investment with significant upside potential in a highly desirable Texas location. The property is zoned for hospitality, mixed-use, and multifamily uses. Built in 1930 and 2024, this portfolio represents a rare opportunity to acquire a high-performing, established rental business with immediate cash flow. The asking price is $2,200,000.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Carmine
- County
- Fayette
- State
- Texas
- Longitude
- -96.6603
- Latitude
- 30.1267
