1418 Ocotilla Dr, Marble Falls, TX 78654

Property Details for 1418 Ocotilla Dr

Year built

1973

Lot size

0.26 lot acres

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a charming two-unit apartment building situated on a 0.26-acre lot in the heart of Marble Falls, Texas, at 1418 Ocotilla Dr, zip code 78654. The property, built in 1973 and boasting a Class B designation, comprises 3,089 square feet and is offered at $495,000 ($161.86 per square foot). The property features two distinct homes, each recently updated. Unit A, a spacious 1,916 square-foot residence, includes three bedrooms, two full bathrooms, two living areas, an eat-in kitchen, and new flooring throughout. A primary bedroom ensuite and a hallway guest bathroom add to its appeal. A large laundry room, a huge storage closet, and a private backyard complete this unit. Currently leased until May 2024 for $2,500 per month, it offers immediate rental income. Unit B, a 1,173 square-foot unit, features two bedrooms, one and a half bathrooms, an updated kitchen, a living area with a wood-burning fireplace, built-ins, and recently renovated bathrooms. New flooring replaces the original carpet. A private backyard with a fire pit enhances its appeal. This unit also includes a two-car attached garage. Both units benefit from built-in security systems. The property's convenient location, close to H-E-B and the middle school, and the absence of HOA fees, combined with a 1.8 tax rate, make this a truly move-in ready and attractive investment. Showings are by appointment only.

Location Insight

City

Marble Falls

County

Burnet

State

Texas

Longitude

-98.2762476

Latitude

30.5883235