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Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 10,376 sqft
Price per Sqft $166
Subdivision Bertram
MLS Listing ID 8834416
Sold Date 11/10/22
Originating Board actris
Year Built 1987
Annual Tax Amount $10,147
Tax Year 2022
Lot Size 2.381 Acres
Property Sub-Type Apartment
Property Description
Great investment opportunity in the ever-growing town of Bertram. This 14 unit complex is conveniently located right off of HWY 29, making it an easy commute to the Austin area. Very low turnover rate with only 5 turned units in 2 years of ownership. Low monthly expenses, as tenants pay all utility costs. Most leases are month to month allowing for immediate rent increases. With over an acre of unimproved land, the development potential for more multi-family units is huge with this property. Exterior was freshly painted in July2022. New storage facility added in June 2022. Seller has also been aggressively updating units with vinyl plank flooring and appliances.
Location
State TX
County Burnet
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Vinyl
Fireplace N
Exterior
Utilities Available Cable Available, Electricity Connected, Phone Available, Water Connected
View None
Accessibility None
Total Parking Spaces 28
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Wood Siding,Stone
New Construction No
Others
Restrictions City Restrictions
Acceptable Financing Cash, Conventional
Tax Rate 2.04
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Bought with Compass RE Texas, LLC