23505 Fulkes Ln — Sale in Leander, TX

  • Price: $700K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Leander, TX 78641
  • Size: 8,010 SF

Investment Figures

Price per square foot
$87

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Amazing family compound or income-producing property located at 23505 Fulkes Ln. This unique property includes four homes on one site, offering excellent potential for multigenerational living, rental income, or investment. The property consists of one main home at the front and three additional units at the back. The front home is a well-maintained 4-bedroom, 2-bath residence with its own separate water connection and septic system. The three homes at the rear of the property are currently tenant-occupied, with one structure divided into two separate units, bringing the total to four rental units in the back area. Current rental income in the rear units includes $1,300/month, $1,000/month, $1,300/month, and $1,700/month, providing strong income potential. The front home could potentially rent for approximately $2,000/month. There are three septic systems on the property (one permitted and two unpermitted). The front home has its own water meter, while the rear units are currently receiving water from a neighboring property. The sellers are working with the water company to install an additional meter so the rear units can operate under their own dedicated account. Great opportunity for an investor or buyer looking for multiple income streams or a large family compound with rental potential. Building SF: 8010 | Land Size: 2.07 Ac | Listing Type: FOR SALE

Market Context

This multifamily in Leander, TX is listed for sale at $699,999 across 8,010 SF. It has been on the market for 71 days. Compare it against other multifamily listings for sale in Leander, TX — view the full market.

Contact

Explore this market

Similar Multifamily Property for Sale in Leander, TX