1731 Spur Carmine, TX 78932
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.