618 LIVE OAK STREET, BLANCO, TX 78606
Homes for sale in Blanco.
Homes for sale in 78606.
List Price$1,999,999
618 Live Oak Street
Blanco, TX 78606
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
Similar Listings
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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