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Under Contract

Hill Country Resort

Offered free and clear of any existing debt

Listing Contacts

Under Contract

Property is under contract
Address 

373 April Dr, Canyon Lake, TX 78133

Show on Map
Date Added
Jan 10, 2025
Days on Market
68 days
Time Since Last Update
20 days

Details

Property TypeHospitality
SubtypeHotel, Motel
Square Footage10,230
OccupancyVacant
Keys72
Year Built1999
Buildings6
Stories3
Lot Size (acres)5.85
Parking (spaces)198
Broker Co-OpYes
APN22-0285-0011-00

Marketing Description

For registration requirements and regulations, please review here or contact Alexsis Wolfson | 949-799-4658 | aaguirre@crexi.​com.​

Property tours will be available by appointment only.​ Please contact the listing broker to schedule a tour.​

The Multifamily Group is proud to present an exclusive opportunity to acquire a portion of Hill Country Resorts, a distinctive property located in Canyon Lake, Texas.​ Constucted between 1999-2013, the property features 72 two-bedroom units with an average size of 843 square feet.​ Of these, 48 units, include a “lock-off” feature, enabling conversion into two separate one-bedroom, one-bathroom units.​ Currently vacant, this portion of Hill Country Resorts was formerly operated as a timeshare.​ The property is offered free and clear of any existing debt and is being sold free and clear of prior condominium/timeshare encumbrances.​

  • Non-Contingent
  • Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
  • Marketing Fee: 2% of the Winning Bid Amount, $20,000 minimum
  • $10,000 Participation Deposit
  • Close of Escrow: April 14, 2025

373 April Dr, Canyon Lake, TX 78163

Investment Highlights

Several Opportunities for Revitalization

  • Selling Individual Units

  • Offering Short-Term Rentals

  • Leasing as Multifamily Apartments

  • 100% 2-Bedroom Units

  • All New Metal Roofs & Exterior Painted - 2021/2022

  • 48 Units have a Lock-Off Feature Allowing for up to 120 Units

  • $86,000+ Median Household Income - 5-Mile Radius

  • A-Rated Comal Independent School District

  • Commuter Distance to New Braunfels, San Antonio, and San Marcos

Listing Contacts


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