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Property profile & analytics
OFF-MARKET
Mixed-use properties

1731 Spur Carmine, TX 78932

2,672 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Mixed-use properties
Total area 2,672 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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