250 Co Rd Rising Star, TX 76471
This exceptional 23-acre property in Brown County, Texas, presents a unique investment opportunity near Lake Brownwood. The land is primarily covered in Bermuda grass with scattered mesquite trees and minimal rocks, creating a picturesque and versatile landscape. A significant feature is a newly dug water well, housed in a small building, yielding a substantial 9-12 gallons of water per minute. Power is readily available via a reliable electricity supply and a 200-amp breaker box. The well, situated at 97 feet, taps into the Trinity aquifer at a depth of 112 feet, feeding a sizable water tank on the property. The property also includes a deer stand. This tranquil setting is ideal for a variety of uses, from a peaceful retreat to agricultural pursuits. Its abundant natural resources and convenient location near Lake Brownwood make it an attractive option for both personal enjoyment and investment. The asking price is $285,000. Don't miss this chance to own a piece of Texas.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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