Live Oak Apartments - 15 Unit Multifamily — Sale in Blanco, TX

  • Price: $2.2M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Blanco, TX 78606
  • Size: 11,303 SF
  • Year built: 2023

Investment Figures

Cap rate
7.57%
Price per square foot
$195
Price per unit
$146,667 across 15 units

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

Blanco County is one of the fastest-growing rural counties attracting retirees, young families and remote workers. Blanco is dominated by single-family homes and ranches, leaving apartment options scarce. The scarcity and difficulty developing new boosts demand and keeps rental occupancy high. Blanco is also located within 50 miles of both Austin and San Antonio, TX, 2 of the top 10 most populated markets in the entire USA, offering residents small-town living with easy access to urban job markets, universities and cultural attractions. The surrounding area also boasts exceptional outdoor recreation, wineries, breweries, tourism, including several annual outdoor festivals. Blanco is becoming a quiet hot bed of activity for its inhabitants. Live Oak Apartments is A STABLIZED AND TURNKEY MULTIFAMILY OFFERING IN CENTRAL TEXAS!! Major remodel leaving negligible deferred maintenance. Per sellers, remodeled everything other than structure, foundation and exterior walls. Below are the highlights: 1. Strong Cashflow investment in Central TX. 2. Major remodel finishing May 2023 leaving no deferred maintenance. 3. Ability to monitor utility consumption remotely and leases structured with utility reimbursement. 4. Strong 100% Cost Segregation potential with no significant capital reserves required in budgeting. 5. Existing property management willing to stay in place. 6. Lean expense ratio and high yield for the area. Building SF: 11303 | Land Size: 1.0 Ac | Year Built: 2023 | Listing Type: FOR SALE

Market Context

This multifamily in Blanco, TX is listed for sale at $2,200,000 across 11,303 SF. It is offered at an approximate 7.6% capitalization rate, a key benchmark for income-producing multifamily assets. The building dates to 2023. It has been on the market for 71 days. Compare it against other multifamily listings for sale in Blanco, TX — view the full market.

Contact

Explore this market

Similar Multifamily Property for Sale in Blanco, TX