Llano, TX 78609,930 Hwy 261
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Llano, TX 78609,930 Hwy 261
Llano, TX 78609,930 Hwy 261
Llano, TX 78609,930 Hwy 261
Llano, TX 78609,930 Hwy 261
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Diane Hart Alexander, MBA, MHA

Diane Hart Alexander, MBA, MHA

+1(713) 591-9902
$ 1,495,000
Est. payment /mo
Save
Active

930 Hwy 261 Llano, TX 78609

2.33 Acres Lot


UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 98447

Year Built 1960

Annual Tax Amount $5,000

Tax Year 5000

Lot Size 2.330 Acres

Property Description

Exceptional opportunity in a rapidly growing Central Texas market. This 11,000+ sq ft multifamily property sits on 2.33 acres with elevated views of Lake Buchanan's main body—making it a rare lake-adjacent investment with long-term upside. Currently configured as 12 apartment units with 92% occupancy, this asset offers immediate cash flow with room to increase rents and NOI through full stabilization. Recent capital improvements include newer metal roofs, stucco exterior, and interior renovations, minimizing deferred maintenance and supporting operational efficiency. Additional onsite amenities: covered common area, tenant laundry, and storage. Conveniently located near Highways 1431 and 29 - 20 mins to Burnet, Llano, and Marble Falls, and just 90 minutes to Austin or San Antonio. Free public lake access and boat ramp just 2 miles away enhance tenant appeal. P&L available for qualified buyers. Showings by appointment only.

Location

State TX

County Llano

Area Archive Other Area

Zoning None

Interior

Heating Central Electric Heat

Cooling Central Electric A/C, Wall Unit(s)

Exterior

Exterior Feature Storage

Parking Features Asphalt

Fence Partial

Utilities Available Water Connected

View Y/N true

View Exceptional View, Hill Top View

Roof Type Metal

Building

Lot Description County, 1-5 Acres

Sewer Septic Tank

Water Private Well on Property

Schools

Elementary Schools Burnet Isd

Middle Schools Burnet Isd

High Schools Burnet Isd

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional


Listed by Jesse James Real Estate
Diane Hart Alexander, MBA, MHA

Diane Hart Alexander, MBA, MHA

Chair, CEO, Broker | License ID: 565194

+1(713) 591-9902

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930 Hwy 261