Tbd Bluebonnet Rd Lockhart, TX 78644
This exceptional 25.99-acre multifamily investment property boasts an unparalleled location just eight miles north of Lockhart, Texas, on State Highway 183/SH 130. Enjoy convenient access to Austin, Austin-Bergstrom International Airport (ABIA), and Tesla facilities within approximately 20 minutes, and San Marcos or Bastrop within 30 minutes. The property features an impressive 740 feet of highway frontage, maximizing visibility and accessibility. Six residential units are included in the sale: five site-built homes, one manufactured home, and one duplex. Further enhancing the income potential, three RV sites and four mobile home sites are currently rented, generating an estimated gross monthly rental income of approximately $9,250 when fully occupied. A significant amenity is the large, two-to-three-acre stock pond situated near the front of the property, offering recreational opportunities. The property's substantial size and diverse rental options present a compelling investment prospect. Note that additional land is available for purchase separately to the north. The total building square footage is 7,728 square feet. This property offers a unique blend of income generation and future development potential.
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
Similar Nearby for Sale
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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.