9464 Us Highway 180, Breckenridge, TX 76424

Property Details for 9464 Us Highway 180

Year built

1999

Lot size

2.69 lot acres

Property type

Commercial real estate

Description

This exceptional 3,192 sq ft multi-family property, situated on a 2.69-acre lot at 9464 US Highway 180 in Breckenridge, TX, presents a remarkable investment opportunity. Its prime location, just one block from Hubbard Creek Lake, ensures high demand. Currently, three of the six units are leased at $550 per month, generating a solid existing income stream. However, the property's true potential lies in its significant unrealized income. Eight or more RV spots are available, currently unleased, offering an additional revenue stream estimated at $2,400 per month based on a market rate of $300 per spot. Furthermore, the three vacant units can be leased at a projected $650 per month each, further boosting profitability. A 6x6 storage building adds to the property's versatility and income potential. The property is zoned multi-family, allowing for expansion and further development. Current owner expenses for water ($200/month) and trash ($90/month) could be passed on to tenants, resulting in an annual increase of $3,480 in net income. This property offers a substantial opportunity to increase income by approximately $25,000 annually by maximizing occupancy and rental rates. Don't miss this chance to acquire a high-yield investment property in a desirable lakeside location.

Location Insight

City

Breckenridge

County

Stephens

State

Texas

Longitude

-99.06223

Latitude

32.76271