618 LIVE OAK STREET, BLANCO, TX 78606

Homes for sale in Blanco.

Homes for sale in 78606.


Status of the property has changed, please contact for details

List Price$1,999,999

618 Live Oak Street

Blanco, TX 78606

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #9160651

12,303

Square Feet

Commercial

Type

About This Property

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.

Property Features

Location Information

County

Blanco

Subdivision

Paradise Heights

County

Blanco

Directions

From the square in Blanco, head north on Main (Hwy 281) turn right onto 6th street, take left on Live Oak Street, property is on the corner of 6th and Live Oak.

Area

BL

Interior Features

Heating

Central

Disabled Features

None

Floors

Vinyl

Accessibility

None

Laundry

Washer Hookup, Dryer Hookup

Exterior Features

Style

Brick, HardiPlank Type

Lot Size in Acres

1

Is New Construction

No

Buildings

2

Construction/Exterior

Brick, HardiPlank Type

Road Description

Paved

Foundation

Slab

Has Waterfront

No

Possession

Closing & Funding, Close Of Escrow

Has View

No

Water / Sewer

Public Sewer

View

None

Water

Public

Is One Story

Yes

Parking Description

Paved, Parking Lot

Additional Information

Other Utilities

Electricity Connected, Sewer Connected, Water Connected

APN

R7220

Property Type

COM

Status

Active Under Contract

Property SubType

Multi Family

Documents Available

Profit/Loss Statement, Rent Rolls, Survey

Year Built

2023

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Mortgage Calculator

$9,339

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$7,207

Monthly Tax

$1,666

Monthly Insurance

$466

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

Walk Score

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