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$ 1,495,000
Est. payment /mo
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