Current Use by Public Records
- Multifamily properties
Property Details for Tbd Bluebonnet Rd
- Year built
- 1978
- Lot size
- 25.99 lot acres
- Property type
- Multifamily properties
Description
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.
Value Estimations
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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
- Lockhart
- County
- Caldwell
- State
- Texas
- Longitude
- -97.6848
- Latitude
- 29.9903
